MohsenCapital

BTC SCENARIO UPDATE.1

Long
BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Traders,

Kindly check main idea here below:


at the previous idea we expected the h&s and a perfect double top but they failed now.
That's what I see for this monster:
1-Not breaking the second neckline and breath cut to pull back to the only and the perfect resistance at 11500$
2-If we have a breaking down for this line too with a closed D candle we will meet the 7700$ again.
3-BCH splinting of volume will lead this breaking down to be available so take a look about bull flag of the BCH too
4-From this point it is not a good entry till closed candle appears 24hr from now.

Risk & capital management is the best way to bounce later.

Regards,
Mohsen

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