addemr

BITCOIN UPDATE

BITFINEX:BTCUSD   Bitcoin
Looks like 1H head and shoulder is forming.
Took 50% profit. and rest B/E

I am out of this one till further notice.
Reason is, very choppy price action and that Head and shoulder pattern on 1H around 11500 region.
Waiting for that 11500 region to reveal itself before taking any decision.
If it goes downhill from that 11500 region, i will watch closely on priceaction around 11300 region.
If we hit 11300 once again and respected i will enter LONG game again.
If not further downside will appear.
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