Description
⋅ Hi all continuing on from the last analysis of the daily H&S, it appears the right shoulder is a 4h ascending triangle.
Giving us a pattern to play to break of the H&S. Be it bearish or bullish.
Trade active
⋅ Due to this tightening range I am able to move my stop loss up higher to play the break. This puts me in risk free trade.
Trade active
⋅ Bull Break of 4 hour Equilibrium, 4hr Inside.
Moved Stop up to previous low.
Trade active
⋅ A look at USDT to USD, now almost every time USDT has come down BTC has gone up and vice versa.
This shows the flow of money going between BTC and cash. With USDT needing to come back to $1 I would expect money having to flow back into crypto.
Summary expecting a move upward on BTC as USDT moves back to $1.
Trade closed: stop reached
⋅ Recent Spike downward stopped me out at 3% profit