$BTS USD Head and Shoulders Idea Expanded - Aim For Accumulation

I am aiming to build low leverage longs in that box while the 4 hour and 1 hour indicators are reset. I think we will see a strong bounce and the price action from today does not concern me at all.

I don't have a stop loss on this, I will keep averaging down until a good bounce and then reevaluate the trade if I need to. Will probably aim to jump out when the 4 hour indicators are on their way back up. Will look to exit if this head and shoulder fails or on liquidation. Look out for me on the BitmexRekt bot!

Comment:

This can definitely still be valid in my opinion if we see some positive action in the next day or so.