This_Guhy

21:1 Risk Reward on BTCUSD Micro Head and Shoulders

Long
This_Guhy Wizard Updated   
COINBASE:BTCUSD   Bitcoin
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.

And I promise every Floridian that you will all be rich... because we're gonna print some more money! Why didn't anybody ever think of this before?

~Nathan Explosion
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