BTC - Head and Shoulders Return Move
The recent rise over the past few days suggests that the long term H&S isn't complete. A confluence of indicators suggest that the return move (retest of the neckline) could reach ~12K on September 23rd. Volume should remain low until the last touch of the neckline.
See the linked charts for an explanation of this double shouldered H&S pattern.
Long Entry: 10156
Stop Loss: 9729
Target: 11979
R:R: 3.8
Short Entry:11979
Stop Loss: 12365
Target: 4121
R:R: 17.9
See the linked charts for an explanation of this double shouldered H&S pattern.
Long Entry: 10156
Stop Loss: 9729
Target: 11979
R:R: 3.8
Short Entry:11979
Stop Loss: 12365
Target: 4121
R:R: 17.9
Note
Long Entry lowered:Entry: 10007
Stop: 9779
Target: 11879
R:R: 6.3
Trade active
Short position open:Entry: 10550
Stop: 10704
Target: 10007
R:R: 3.46
Note
Short position target change:Short Entry: 10550
Stop loss:10704
Target: ---9956---
Long Entry Lowered:
Long Entry: ---9856---
Stop Loss: ---9856---
Target: 11978
Note
Trade closed: stop reached
Short stop hit, I think this was just another stop loss hunt and we will see a correction soon.New short position opened:
Entry: 10711
Stop: 10766
Target: 9956
R:R: 11.5
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