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filbfilb
Apr 7, 2017 3:17 PM

BTC H&S $1600 in Sight Long

Bitcoin / U.S. dollarBitstamp

Description

Rational:

- Improving concensus re segwit

- H&S formation would make sense based once BC moves beyond $1200 with likely significant resistance and rejection when closing in on the $1300 ath range and a retest of prior support.

- Weak hand investors who panc sold amidst the scaling debate will be fomoing in particulae once ATH is broken.

Comment



Trade opened target 1260$

Comment

Big bounce off support - lets see if it holds.

Comment

we are up and running!

Comment

My work here is done!
Comments
bamboodian
Really amazing!
bagofXMR
great trade!!
Alex_T.
You called it bro. Good chart.
filbfilb
@alex T., cheers. I think we are a bit over extended at the moment, a drop back to the line is certainly possible.
filbfilb
Looking to increase position on any bounce and confirmation of support, otherwise all looking good so far.
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