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Abu-Sushi
Jan 12, 2021 5:11 PM

Possible bearish head and shoulder ( bitcoin )  Short

Bitcoin / U.S. dollarBitstamp

Description

Hello everyone this is my idea on 4 hour time frame …

There is a possible Head and shoulder pattern unfolding with good R:R if our conditions are met ..

We wanna see a 4 hour candle close below green line that's our entry we short to target zones below … our stop loss is 4 hour candle close above red line

One good support indicator is the RSI those two lines need to show good rejection to downside if they are breached our idea is not good

for any question feel free to ask :)
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