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rlyyy
22 Th02 2018 12:00

BTCUSD 3H chart: Textbook Head and Shoulders Top! Giá xuống

Bitcoin / DollarBitfinex

Mô tả

Spotted a neat H&S on the 3h chart for BTC USD. And this time it's a textbook one!

- Left shoulder slightly higher in price than right shoulder.
- Upsloping Neckline
- Pattern confirmed after price breaking the neckline

For reference: thepatternsite.com/hst.html

After the last 3 days of pure Bulls Bitcoin was overextended from the golden cross while hitting the 50 Day MA, a Fibonacci line. A retracement was more than reasonable.

Next potential support is 9100-9300 area which has not been retested yet.

Bình luận

If you want a safer entry, use the TD Momentum Indicator until the red 2 starts trading at the low wick of the red 1 candle. Set your stop loss at the top wick of the red 1 candle
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