Description
⋅ Potential H&S forming on BTC H1. Trade is open with a tight stop loss at $6,380 and current target of $6,300.
Comment
⋅ Moved stop to $6,385.
Comment
⋅ Looks like I jumped the gun a little on the H&S call. Keeping my short position open as BTC is bear flagging and RR ratio is good.
Comment
⋅ H&S back in play, just took a little longer than expected.
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⋅ Target hit. Took profit on 50% of position at $6,300 and exited trade entirely at $6265.
Final realised profit: (8.39%+14.04%)/2 = 11.2%
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⋅ Here's how the H&S eventually played out: