Bitcoin
Short

Seeya Bitcoin

Zaktualizowano
Head & shoulders pattern forming on Bitcoin.

There is a demand zone shaded in blue that is acting as the last support. I'm expecting this to break, and break well with volume. A sloping neckline always performs better!

Volume is also decreasing on the right shoulder. All signs of a downward breakout.

Target is the green line, stops above red line once the neckline breaks.

Please give this trade idea a THUMBS UP and I will keep you updated!

Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.


Zlecenie aktywne
Here we go. Orders filling
Uwaga
Lower low. snapshot
Zlecenie aktywne
Adding more to short position on a break of the bear flag pole:
snapshot
Zlecenie aktywne
Didn't get the bear flag break. Manage risk as we are seeing a pull back now which hurts the H&S performance to target.
Zlecenie aktywne
Reducing risk and moving stops to BE
Zlecenie aktywne
Taking partial profits is a good idea
Zlecenie aktywne
Majority of position closed, banking profits
Transakcja zamknięta: osiągnięto wyznaczony cel
Wow pin point target reached!!
Bitcoin (Cryptocurrency)breakoutChart PatternscryptonecklineTrend Analysis

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