H1 BTC/USD ABC Correction - Head & Shoulder (log chart)

ABC Correction

H&S formation ?
H1 : Bull divergences (see green lines on indicators) + hidden bull divergence (look at the price standing higher low compared to point 4 while the RSI goes lower low)
Daily : Bearish hidden divergence + divergence on stochastic

Correction until 0.5 level or further ?

(logarithmic chart, you can see the rising wedge that nobody saw with linear chart)

تعليق:

It could also form a range canal after B, which would result in a higher low for C
Keep an eye on volumes

تعليق:

Head and shoulder validated, faster with a lower pullback than planned

تعليق:

Actually one of my only successfull analysis in early 2018