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JustChartThings
Dec 22, 2017 12:53 PM

#cryptocurrency $BTC.X H&S bounce setting up Long

Bitcoin / DollarBitfinex

Description

Bitcoin has been seeing some nice volatility lately, providing many opportunities for profitable trades both ways. On the near term 15 minute chart, looks like a H&S is setting with a 16k target; confirmation is prudent to make the idea actionable. Of course, buying dips in a bearish trend is great for long-biased traders/investors but short term traders should look for their profit targets and stick to them.
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