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CrypTorre
Dec 22, 2018 4:54 PM

BTCUSD Ascending triangle into H&S Short

Bitcoin / DollarBitfinex

Description

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!
Comments
W3rN0tAl0n3
Using a Tom Demark calculation I found a breakdown to $3610 to be coming- but of course $3500 or lower could certainly be in the cards too- either way I agree with your analysis, :-)
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