Trading BTC on the hourly. Inverse head and shoulders formed at the .618 fib from recent low of 28000. Tp - 52500 sl - 49200. After this move I suspect further consolidation around this important fib level. However, unlike many ideas that I have seen - I think that BTC will break the 50000 and flip the resistance to support.
Trade active:
I did take this trade and am currently deeply in the red on leverage. Faith in recovery to 50k still.