TradingView
Mingnhut_SoiDenFX
Feb 22, 2020 7:16 PM

Head shouler breakout Short

Bitcoin / U.S. dollarBitstamp

Description

Head shoulder breakout
Comments
MatTheCat
I think the bearish configuration on the 4Hr chart, has already shot it's load, with the bullish trend on the Daily chart still looking very much intact imo. However, there is still no strong continuation signal on the 4Hr chart, so likely to be stuck in a EW4 consolidation phase for some time, running out stops of both bulls and bears, before gearing up for a final push up to 11K area. Currently bullish on Bitcoin, but no trade I would take at this point in time. Bulls who have already entered on this pullback, and are risking to beneath the pivot at 9300, are running a very high risk of being stopped out. But bears risking to a test of of the 10.5K highs, are going to get their asses handed to them.
JohnLiv
I also see a pull back, just not as great as in your analysis
Yusufa_fx
Will be going long on btcusd
Mingnhut_SoiDenFX
@Yusufa_fx, just pullback to make another drop.
Mingnhut_SoiDenFX
@Yusufa_fx, see how coin fall?
More