11/06/2019/18:00CET
#BTC is setting lower highs 4 times in a row. This is the roll over signal

BTCUSD 4h on Bitstamp

• We are trading at 7770usd at press time after falling over at about 8050 in the last 18 hours.
• I have marked the 4 lower highs since the local high on 30/may of 9109usd. This is a classic roll over pattern
  
  
  
  
• Or here on the daily chart if you may, a head and shoulders pattern clearly forming.
• All of these suggest a retracement back to some support levels or moving averages.
• As you will know if your read my previous posts on this here, and here, and here as well, this retracement was in the cards. Odds were on for this pattern to form in the chart.
• Odds on for a retracement guys. Hold your chips for the right moment.
• Zoom out to the weekly and watch the 21 week moving average. This indicator has been very consistent in marking the local retracement levels in #bitcoin bull markets.
• Am actively looking to identify an indicator that marks local rally highs during bull markets as consistently as the 21ema does on the lower end. Let me know in the comments your ideas on this. Bollinger bands perhaps?
  
  
  
  
  As always guys, leave comments, have fun and trade safe.

Disclaimer: This post is not financial advice. Before investing any funds do your own research and make your own decisions. Cryptocurrencies are highly speculative.
And finally: Do not invest money you are not comfortable losing.