Cryptokingpin92

BTC LONG IDEA

Long
Cryptokingpin92 Updated   
BITSTAMP:BTCUSD   Bitcoin
Meme inverse H&S pattern in play, well sort of
It's the weekend so i'm taking this meme pattern.
Targets as shown with SL
Comment:
Hmmm, after nearly being stopped out it seems like the meme pattern is in play, game on
Trade active:
TP1 Hit, bank some profit SL moved to just above break even
Trade active:
Unbelievable, the meme Inverse H&S continues to deliver
Shaved some profit off again
SL move to recent swing low
Comment:
Currently BTC appears to be consolidating bullishly above the neckline of the meme
inverse H&S, most likely next leg up is coming soon
Trade closed manually:
The meme pattern turned out to be not a meme
manually closing here until HTF resistance is flipped
Trade complete

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.