BTC Head and Shoulders Long

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
We take the size of our head of 11% and use that to target the breakout of our right shoulder. We also get a 1:1 fib to support our target.
hmm... I think u got this whole h&s thing completely wrong.
kmac2326 darezy
@darezy, How so? Is that why my targets were hit with precision? I don't think you know how to read a chart.
darezy kmac2326
@kmac2326 If you weren't so cocky I would guide to u some reading literature to begin with... A h&s TOP breaks downwards not upwards, its the INVERSE h&s that goes up and thats clearly not an inverse h&s. And if you still consist u know best, then forget what I said, happy trading and whatever that works for you!
kmac2326 darezy
@darezy, You're referring to very basic HnS at succession. This is how you can play a failed HnS Top.

Note this is why I said not to enter until the break of $8700 for confirmation.

If you want to be technical then this could have been titled FAILED HnS but it would have given the wrong implication so I apologize if the charts didn't make that clear.

I've been successful with this trade on BTC several times so I hope you take something away from my chart. Happy trading to you as well.
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