BitcoinShort
BITCOIN GOING DOWN. NECKLINE REJECTION
Updated
Hello guys,
On the monthly chart we can see an M forming, on the weekly we have an M formation already formed and currently testing the neckline. We have rejection at the neckline, using H4 for entry with engulfing patterns, we are going short. You can take profit at last week's low.
On the monthly chart we can see an M forming, on the weekly we have an M formation already formed and currently testing the neckline. We have rejection at the neckline, using H4 for entry with engulfing patterns, we are going short. You can take profit at last week's low.
Trade active
Note
On daily chart you can see it has also broken the neckline of a head and shoulders. and currently rejecting!Trade closed: target reached
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