Great reversed head-shoulder formed for the bitcoin.
Good day everybody,
There is a big reversed head shoulder formed on the bitcoin. I already in a long position from the 8.4k usd like you could see in my previous post. Now there is a great reversed head-shoulder formed. We did not break out yet, but when we do it can give us the impulse to new higher targets. The most important watch zones for our long trade are the 9.7k usd, 10.4k usd and 11k usd range.
When you're not in a long position yet. Wait for the break-out, a smart move would be a stop-limit order above 9k usd, the breakout, that triggers a buy order. You can set a stop-loss in the 8.6-8.8k usd range.
There is a big reversed head shoulder formed on the bitcoin. I already in a long position from the 8.4k usd like you could see in my previous post. Now there is a great reversed head-shoulder formed. We did not break out yet, but when we do it can give us the impulse to new higher targets. The most important watch zones for our long trade are the 9.7k usd, 10.4k usd and 11k usd range.
When you're not in a long position yet. Wait for the break-out, a smart move would be a stop-limit order above 9k usd, the breakout, that triggers a buy order. You can set a stop-loss in the 8.6-8.8k usd range.
Comment:
Looks like we're making a bull-flag.
