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Cryptokingpin92
Mar 6, 2021 3:55 AM

BTC LONG IDEA Long

Bitcoin / U.S. dollarBitstamp

Description

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
Comments
cieve
Maybe. But if you cut the pattern down the middle then the right side could be viewed as a head and shoulders.
Cryptokingpin92
@cieve, Are you telling me we potentially have a meme pattern within a meme pattern x_x
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