H&S broke through the neckline (right chart) with a bear pennant on the 15min. (left chart). I sold around $64K and am looking to re-enter somewhere between $52K - $58K before the next leg up.
Always use caution and risk management in trading.
This is not financial advice. These are just my ideas and opinions.
Always use caution and risk management in trading.
This is not financial advice. These are just my ideas and opinions.
Comment:
BTC has temporarily broken above the neckline again, which can be a bullish sign, however, we also need to consider this trend line (see chart below). Watch for a potential breakout or another fall toward support (mid $50K area).
