TradingView
LeeBit
Dec 31, 2020 12:20 PM

btc H&S, uptrend is over.  Short

Bitcoin / U.S. dollarBitstamp

Description

Bitcoin continued to rise.

But once the price rises, it falls.

H&S patterns are forming after double top .

If price breaks through the neckline and falls, those who think the uptrend is broken will sell Bitcoin .

TP1 : 28780

TP2 : 28200

I usually sell everything on tp2.
However, if it break through the neckline this time, I think I will have it for a while.

This is because there is a possibility that a large correlation will come because there has not been adjustment after 20k.

entry: 29170
stop loss : 29220 (above right shoulder, if it go above 29200 then it is not H&S )
More