Bitcoin probably make a inverse head and shoulder pattern. Short

Bitcoin / U.S. dollarBitstamp

Description

⋅ May 20, 2019 3:46 AM

hi everyone
in this night btc has decreased fast after pumping.
as you see, btc is in rising edge.
i think btc break the rising edge resistance , after then, will fall down to 7462 level. it will bounce from this level.
when it happened in this way, there will be inverse head and shoulder.
By this tecnique, btc target is 9600

Comments

OptimalTrading

⋅ May 20, 2019 6:34 AM

Inverse head and shoulders do not occur at the top of trends, however, this is crypto. So let see :)

TraderMikabot

⋅ May 20, 2019 8:11 PM

@OptimalTrading, you are right :)

TheCryptAlpha

⋅ May 20, 2019 4:16 PM

Why is this a short strategy? Looks like your targets are long

TraderMikabot

⋅ May 20, 2019 4:23 PM

@TheCryptAlpha, 8037->7500 short 7500-xxxx long :)