Bitcoin
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Seeya Bitcoin

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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.


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Here we go. Orders filling
Ghi chú
Lower low. ảnh chụp nhanh
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Adding more to short position on a break of the bear flag pole:
ảnh chụp nhanh
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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.
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Reducing risk and moving stops to BE
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Taking partial profits is a good idea
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Majority of position closed, banking profits
Đóng lệnh: đạt mục tiêu
Wow pin point target reached!!
Bitcoin (Cryptocurrency)breakoutChart PatternscryptonecklineTrend Analysis

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