Short

Updated

BTC H1 - Potential Head and Shoulders - Short

Potential H&S forming on BTC H1. Trade is open with a tight stop loss at $6,380 and current target of $6,300.

Note

Moved stop to $6,385.

Note

Looks like I jumped the gun a little on the H&S call. Keeping my short position open as BTC is bear flagging and RR ratio is good.

snapshot

Note

H&S back in play, just took a little longer than expected.

Note

Target hit. Took profit on 50% of position at $6,300 and exited trade entirely at $6265.

Final realised profit: (8.39%+14.04%)/2 = 11.2%

Note

Here's how the H&S eventually played out:

snapshot

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Also on:

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.