JesseBitcoinJarvis

BTC/USD Short Opportunity - 4HR Chart - #Moneymovesonly

Short
BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Linear regression is showing strong downward pressure after the prior bull movement. Aligning with the previous closure of the weekly bullish candle price has lost upwards momentum and the final formations of a head and shoulders pattern can be seen playing out with the downward drop about to happen within the next few days. Expecting lots of wick volatility and potential stop loss hunting so as always take profits where you can and approch all Crypto FX trades with higher risk and caution.
Comment: **Stop Loss is Set @ $8260

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