4hr gldncrss trajectory=September 9; Nearing inv h&s completion

8 de set. de 2019

We can see many positive signals here for the bulls on btcusd on both the 4 hour chart(shown here) and on the 1 day chart right now. On the 4hr we can see how price action has finally overcome the 4hr 200ma's resistance and we can also see that a 4hr golden cross is in the works with a current trajectory placing September 9th as the day of the cross. We can also see how both of the 2 current inverse head and shoulders in play(in pink and yellow) seem to now be completing their right shoulder as price action heads towards their respective necklines. Another big sign shown here for he bulls is that we are once again back above the ascending red neckline that belongs to a huge 3 day pattern bearish head and shoulders. This has been the 3rd consecutive time we have broken below it thats ended in a bear trap only increasing the probability of us breaking bullishly up from the 3day symmetrical triangle(in green). On the 1 day chart we also have the great bullish sign of closing our previous 1day candle back above the 1 day 50ma and the ascending red neckline(as well as two key horizontal resistances). All of this seems to suggest the bots, algos, and whales will likely try to at the very least finish painting he right shoulder on the charts before attempting any sort of bull trap fakeout dump of any kind to maximize liquidation. So I will wait until I see confirmation of either a breakout of the inv h&s pattern or confirmation of a fakeout bull trap to make my next move...even though I feel probability favors the bulls for now.

8 de set. de 2019

Nota

for the bearish argument, this could still easily be a symmetrical bear pennant we're in at the moment, so one must remember to keep that in mind.