BTC/USD head&shoulders: rise or fall?
Here we have btc/usd head and shoulders pattern which is not in action yet.
1. The action to be started right after the neck of the pattern is broken. My recommendation is to take short from ~32k down to ~21k.
2. If the i.1 is not be in action, then the graph will certainly rise after 15th of Jan of 2021 as it go through the diagonal line above. The trading strategy here is as follows: we should buy at ~33k up to 35k and sell from ~47k to 50k.
1. The action to be started right after the neck of the pattern is broken. My recommendation is to take short from ~32k down to ~21k.
2. If the i.1 is not be in action, then the graph will certainly rise after 15th of Jan of 2021 as it go through the diagonal line above. The trading strategy here is as follows: we should buy at ~33k up to 35k and sell from ~47k to 50k.
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