BitcoinShort
BTCUSD - Head and Shoulders Formation on 1H Chart
Updated
Hey Guys,
There's a possible HS formation formed in 1H chart of BTC USD pair.
Green zone (between 33500 and 34500) is a rational target for short term trading.
This will also mean that 35K support breaking, IF only this pattern is good, so it may move further down but collecting profits should be your number one priority.
Not a financial advise, always DYOR!
Cheers.
PS: Check out related ideas too.
There's a possible HS formation formed in 1H chart of BTC USD pair.
Green zone (between 33500 and 34500) is a rational target for short term trading.
This will also mean that 35K support breaking, IF only this pattern is good, so it may move further down but collecting profits should be your number one priority.
Not a financial advise, always DYOR!
Cheers.
PS: Check out related ideas too.
Trade closed: target reached
We've reached 33500K target, if you have opened up a trade after this idea, now it's a good time to take profits.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.