Bitcoin Head & Shoulders + MA Cross [BTFD] 17th April 2018
Pretty simple idea/update
saw a H&S forming, lets see if it does and short the market IF it completes
there is also a possible MA cross coming up on a 50/200SMA
if pattern completes then most likely a death cross will follow but if bitcoin finds some buyers then it could break the pattern and carry on up and probably form a golden cross
use fib levels to work out when to stop and take profits
like the last few months its very hard to tell were exactly we are going and can change from day to day and by hour by hour
trade smart or dont trade at all
peace
saw a H&S forming, lets see if it does and short the market IF it completes
there is also a possible MA cross coming up on a 50/200SMA
if pattern completes then most likely a death cross will follow but if bitcoin finds some buyers then it could break the pattern and carry on up and probably form a golden cross
use fib levels to work out when to stop and take profits
like the last few months its very hard to tell were exactly we are going and can change from day to day and by hour by hour
trade smart or dont trade at all
peace
Trade active:
pattern formed, shorts in place
Order cancelled:
patten did not complete as expected
still waiting for this pattern to finish BEFORE we enter....