stewdamus

Head and Shoulders on Bitcoin. Too early? Buy target $9800.

Short
stewdamus Updated   
COINBASE:BTCUSD   Bitcoin
Is it too early to call this H&S pattern? We'll soon see.
Comment:
It does appear we are heading to $9800
Trade closed: target reached:
We hit $10,488 earlier than expected. This provides good support and makes our $9800 BUY target less likely (though still possible). I have opted to buy in here instead.

Best of luck traders. I'll be closing this one out.
Comment:
$9800 was nearly touched yesterday. Looks like we're forming a bear flag now. Be prepared to touch our daily 200ma at @$9000.

Stewdamus Trades -

Prophesying the price action of markets one chart at a time.

Crypto predictions, targets, how-tos, and much, much more!

Never miss a prophecy. Sign up for my free newsletter at:

stewdam.us
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.