21:1 Risk Reward on BTCUSD Micro Head and Shoulders

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
You might call me a mad man, but I see what I see. Head and shoulders on the hourly. A small micro formation, means very little until we zoom out and the neckline of the head and shoulders takes aims right were he established our low mid December. Also, the right shoulder matches the angle established between the two points of contact on the orange resistance line.

Zooming in on the 12H and we see the right shoulder so far has two hammers suggesting we go to the neckline. The Hull MACD is also swinging down, suggesting we go to the neckline.

Target assumes we go slightly past the LVN where the HVN forms sharply. Probably will go deeper as the peak of the HVN is at 2500. But right now 21:1 RR is greedy enough. Market enter, stop loss at the right shoulder.

Me telling you to YOLO/FOMO in on this trade is not actual financial advice. BUT I AM DOING IT MYSELF.
Trade closed: stop reached: AIIIIILAMO Stopped hit. Since I think we are in a macro falling wedge this means I get to wait to short from higher up. As one of my favorite YouTubers for crypto puts it, I am "bear or square" on BTCUSD.
Bitcoin isn't even near its bottom see
+1 Reply
This_Guhy andrewthesage
@andrewthesage, Broh the cloud is hard enough but when you don't even shade in the cloud and use the lagging span that is damn near impossible. But I concur, all the way to $1,100-1,1300.
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