#bitcoin H4 Retest or Weakspot?
After last night´s baby dump below Monthly Pivot level, it is now in question if this is the proper Retest I was mentioning before, OR if this is the weak spot where we will break down. Big question mark.
This did not yet change my mind, but I am going to re-adjust my plans if today´s outcome is as uncertain as this iHS was since 19/7 (Weak right shoulder, a downsloping neckline,...). Volume remains very bad, which is usually not a super good sign for a typical reversal bottom pattern, what so many hoped this will be in order to bounce off and rise. We are still above SMA50 on this H4 and we are on the "necklines" support. Indicators heated up a bit and cooled down now. Room for bigger movements is definitely there. Both ways.
This Sunday is watch and see. Good time to relax :)
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No financial advice. NeruSuite v5 - advanced technical analytics tool. #dyor
This did not yet change my mind, but I am going to re-adjust my plans if today´s outcome is as uncertain as this iHS was since 19/7 (Weak right shoulder, a downsloping neckline,...). Volume remains very bad, which is usually not a super good sign for a typical reversal bottom pattern, what so many hoped this will be in order to bounce off and rise. We are still above SMA50 on this H4 and we are on the "necklines" support. Indicators heated up a bit and cooled down now. Room for bigger movements is definitely there. Both ways.
This Sunday is watch and see. Good time to relax :)
_____________________________________________________________________________
No financial advice. NeruSuite v5 - advanced technical analytics tool. #dyor
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