BTCUSD | Possible Head & Shoulders Short

Bitcoin / United States DollarCoinbase

Description

⋅ Apr 30, 2020 2:52 PM

Please support this idea with LIKE if you find it useful.

We have a Head & Shoulders pattern forming. In case there is a confirmed breakout of Support Trendline, then pattern will be confirmed and we can initiate a short position

Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable!

Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.

The information given is not a Financial Advice.

Comments

bloodgood

⋅ Apr 30, 2020 8:00 PM

Bitcoin has a lot of new fuel.. oil is cheap :D

Anpu

⋅ Apr 30, 2020 8:57 PM

@bloodgood, Good Analysis! We should watch for that resistance trendline :)

Protixder

⋅ Apr 30, 2020 7:38 PM

Anpu

⋅ Apr 30, 2020 8:56 PM

@Protixder, Great Work! However we facing tought resistance trendline. Let's wait for it to be broken first :)

Protixder

⋅ Apr 30, 2020 7:38 PM

Bitcoin about to breakout.

Anpu

⋅ Apr 30, 2020 8:55 PM

@Protixder, Thanks for feedback:)

Dave-FX-Hunter

⋅ Apr 30, 2020 4:46 PM

Good, as always.

Anpu

⋅ Apr 30, 2020 8:55 PM

@DaweFXHunter, Thank you!

tvcn2020

⋅ Apr 30, 2020 4:41 PM

Clear and concise as always. Best chart! Thank you.

Anpu

⋅ Apr 30, 2020 8:55 PM

@tvcn2020, Thanks for kind words! Appreciate your feedback :)