BTCNN

BTCUSD Head & Shoulders

Short
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Tricky tricky...

I want to start with going back and referencing the daily double top that we were waiting for last week. As more daily candles form, it's turning into more of a head and shoulders - also impacting multiple time frames.

This can be seen as more confirmation to look for shorts, maybe even an opportunity to start scaling in right here at $8000. Over the past few days this level slightly above $8000 is proving to be strong. It's also what gave the high...

Looking to move my entry up a little early here and heat things up a little bit.
Comment: The bottom of the support lost is being tested now. Don't be surprised if you hear people cry "fake pop" later
Comment: Please don't criss cross apple sauce our trade ideas.
The head and shoulders is assisting (and is part of) our double top.
Comment: Seems like we're sitting on the top of the neckline now.

Should be nice for our bigger move.

Comments

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