฿ Bitcoin BTC/USD Daily Video September 09, 2019

[Sive Morten]

Good morning,

Following our tradition we put BTC update on Monday. In general we still keep our idea of reverse H&S pattern on 4H chart with some adjustments:



The technical portion of Sive's analysis owes a great deal to Joe DiNapoli's methods, and uses a number of Joe's proprietary indicators. Please note that Sive's analysis is his own view of the market and is not endorsed by Joe DiNapoli or any related companies.

 

[Brett Reynolds]

Here we are back looking at that $10000 level again. I will monitor on today's close...but i am minded to place another 'Sell Stop' order with Stops at $10500 or $1100..!?

 

[Sive Morten]

Here we are back looking at that $10000 level again. I will monitor on today's close...but i am minded to place another 'Sell Stop' order with Stops at $10500 or $1100..!?

Well, I also thought about it, but, I do not like that left arm is too blur. It means that bottom of the right arm could be either. This time, if H&S will fail, the breakout of 9K level will be final, I suppose. So, maybe it makes sense to place Stop "Sell" closer to 9K lows?