mdyassink

BTCUSD Inverse H&S on 1 Hrly Chart Breakout Trade Opportunity

Long
mdyassink Updated   
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
BTCUSD 1 hrly chart is showing an inverse heads and shoulders pattern and there is a possible breakout trade opportunity with a target of $37000. Wait for confirmation for a safer entry with a candle getting supported after breakout at the current resistance downward line.

Be careful of fake outs.

Just sharing an observation. Trade only what you can afford to lose, nothing is 100%, ever.

Good luck!
Comment:
Comment: Bearish divergence forming on the 4hrly chart. Possible correction ahead. Time for stop losses in profit for safety. Just an opinion and observation.

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