BitcoinLong
Inverse head n shoulda's
Hey all!
Looks like we have a small inverse H&S here.. but it's kind of ambiguous as it could also be a normal head and shoulders with that first shoulder wave.
But -we have bullish divergence on the sRSI, and RSI (4HR)
Not too much strength behind it, but it's not a risky trade IMO.
My play here:
Wait for BTC to cross the 1:1 Gann Fan and play the break out, set a super tight SL and TP at around $9.3 - $9.4 (determine a more specific TP once it confirms).
If it is a bearish Head and Shoulders -wait for price to drop below the 2:1 and again set a super tight stop loss.
What do you guys think?
Thank you for looking at my idea!
Looks like we have a small inverse H&S here.. but it's kind of ambiguous as it could also be a normal head and shoulders with that first shoulder wave.
But -we have bullish divergence on the sRSI, and RSI (4HR)
Not too much strength behind it, but it's not a risky trade IMO.
My play here:
Wait for BTC to cross the 1:1 Gann Fan and play the break out, set a super tight SL and TP at around $9.3 - $9.4 (determine a more specific TP once it confirms).
If it is a bearish Head and Shoulders -wait for price to drop below the 2:1 and again set a super tight stop loss.
What do you guys think?
Thank you for looking at my idea!
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.