BTC USD daily H&S in formation

It seems that BTC is forming a H&S on the daily time frame; it'll be confirmed if it continues to go down and bounces around 6370.
Wait and see...

Trade active

This is only the beginning...

Note

Ultimate target @ 5870

Note

Now it should bounce to form the shoulder's shape

If not, it'll continue to go higher to break the pattern

ETH did hit its historical support :-D

Note

Neckline support reached

Trade active

Next stop around 6800

Note

It didn't exceed 6600, and the shoulder won't be so large; it lack of momentum and the exhaustion should bring the dump sooner

Trade closed manually

H&S not valid but incoming events (Mt Gox, Petro....) has still potential to trap bulls very soon, be careful!

karamazov06

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.

karamazov06