Potential Bearish Head & Shoulders on BTC
Bitcoin is struggling to break out of the bearish trend. If it continues it could confirm a breakdown with a target around 28k
Trade active
The H&S has confirmed, looking for reversal action at the trend line around 28-29k. The higher time frame bias is still bullish, so I would keep a smaller position for this trade, looking to take some profits at 50%
Trade active
the price bounced off the trend line at 29k, I closed most of the position, looking to close it all and go long on a retest (green zone)
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