BTCUSD Possible H&S
Updated
Just to see if the neckline will be broken.
If neckline holds and price goes up beyond the right shoulder, go long.
If neckline breaks, go short.
In my case, I am "hedging" my BTC position to keep my dollar value unchanged.
If neckline holds and price goes up beyond the right shoulder, go long.
If neckline breaks, go short.
In my case, I am "hedging" my BTC position to keep my dollar value unchanged.
Trade active
BTC broke the neckline and found support around the second uptrend line.But according to the H&S projection, the price may drop further around 6100 area.
Unless the price goes above 7000 again, I will keep my short position active.
Trade closed: target reached
Target reached, hedge position closed.
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