When compared to the earlier h&s from A.T.H. at $5000 USD, we can see that there is no bearish divergence that would suggest a strong downwards movement towards the mean.
The left shoulders and heads, when compared to both trends, both tell a completely different story when comparing them to their oscillators.
This is a bear trap.
The left shoulders and heads, when compared to both trends, both tell a completely different story when comparing them to their oscillators.
This is a bear trap.
Note
a couple patterns at play here: the Diamond bottom and the Bump n RunNote
this is looking more and more like a bear trap. upwards trend from 3k is intact. Note
Please, have a look to my other idea, LONG: ETHUSD
Note
Note
The final solution. the pull back to the bounce off off the top of the downwards TL: 
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.