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pecpec

LONG BTCUSD

Long
Bitcoin (BITFINEX:BTCUSD)  
pecpec Updated   
BITFINEX:BTCUSD   Bitcoin
Trend Analysis Support and Resistance Head and Shoulders BTCUSD LONG Divergence Trend Line Break
8
2
trendanalysis supportandresistance headandshoulders btcusd long divergence trendlinebreak
Pros
  • Broken RSI downtrend on daily.
  • Divergences on daily.
  • Potential H&S formation.
  • Correction of 38.2/50% of the las bearish wave.
  • Broken downtrend on daily.
  • Objetive to pivot point.
  • Price up to resistance level.
Cons
  • Countertrend.
Strategy
  • Buy 1/3 at the low of the right shoulder.
  • Buy the 2/3 when the price breaks the neckline (confirmation of H&S).
Comment:
Order opened.
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