Hello Traders,
BTC might be forming an inverse H&S and you can trade it by entering early (very risky and would need tight stop-loss) if a candle closed with good volume above EMA 8,13, 31, 55 and EMA 55 (in red ) is below all three 8, 13, 21. Plus, in MACD blue line should be above the orange. A good indication would be a large volume like in the previous dip.
Also, if you want to play it safe, you can wait for the pullback to the neckline which confirms having a solid breakout.
BTC might be forming an inverse H&S and you can trade it by entering early (very risky and would need tight stop-loss) if a candle closed with good volume above EMA 8,13, 31, 55 and EMA 55 (in red ) is below all three 8, 13, 21. Plus, in MACD blue line should be above the orange. A good indication would be a large volume like in the previous dip.
Also, if you want to play it safe, you can wait for the pullback to the neckline which confirms having a solid breakout.
Trade closed: target reached
Put a trailing stop to secure what you have made so far.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.
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.