CrypTorre

BTCUSD Ascending triangle into H&S

Short
BITFINEX:BTCUSD   Bitcoin
Broke down of the ascending triangle forming a head and shoulders. I think we go down from here.
I'm short since $4200. Stoploss just above recent high @ $4350. I believe if we break the $43xx, we will see another rally up till atleast $4500.

Target @ $3500 (Maybe even lower but that depends on market conditions at that time)

Likes and Follows will be appreciated. First post but will post more in the future!

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.