Inverse H&S on the Bitcoin Weekly Chart?! Messy but possible.
I'd like to confess that this choppy market is proving difficult to trade. Many conflicting indicators on both the bearish and the bullish sides!
I've covered the bearish scenario in my previous posts in the past few days. And I'm still leaning bearish.
However, as a non-biased trader, I'd like to look at a potential bullish scenario today:
I see a messy, yet valid, inverse head and shoulders on the BTC weekly chart. I suggest a possible trade in the chart if it does in fact play out. Reward-to-risk ratio is >5 , if you trade this safely after the breakout & retest of the neckline.
Oh, bitcoin! Choose sides already - bull or bear!?!
Let me know your thoughts in the comments.
Cheers,
Leb Crypto
I've covered the bearish scenario in my previous posts in the past few days. And I'm still leaning bearish.
However, as a non-biased trader, I'd like to look at a potential bullish scenario today:
I see a messy, yet valid, inverse head and shoulders on the BTC weekly chart. I suggest a possible trade in the chart if it does in fact play out. Reward-to-risk ratio is >5 , if you trade this safely after the breakout & retest of the neckline.
Oh, bitcoin! Choose sides already - bull or bear!?!
Let me know your thoughts in the comments.
Cheers,
Leb Crypto