BTCUSD Inverse H&S on 1 Hrly Chart Breakout Trade Opportunity
BTCUSD 1 hrly chart is showing an inverse heads and shoulders pattern and there is a possible breakout trade opportunity with a target of $37000. Wait for confirmation for a safer entry with a candle getting supported after breakout at the current resistance downward line.
Be careful of fake outs.
Just sharing an observation. Trade only what you can afford to lose, nothing is 100%, ever.
Good luck!
Be careful of fake outs.
Just sharing an observation. Trade only what you can afford to lose, nothing is 100%, ever.
Good luck!
Note
Note
Bearish divergence forming on the 4hrly chart. Possible correction ahead. Time for stop losses in profit for safety. Just an opinion and observation.
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.
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.