tradermoth

Bitcoin - Short term bull idea

Long
BITSTAMP:BTCUSD   Bitcoin
Keep it plain, simple and minimize the noise!

Inverse head an shoulders forming on the BTC 1hr timeframe, this is a bullish pattern.

This may give a big enough of a push to crack through that 42k resistance.

Will be interesting to see what happens if it cracks the 42k resistance... will we fake out or continue to 45k? Only time will tell!

There is also a bearish short term set-up im watching, will link it to this. (this inverse h&s is within that pattern)

* * At the moment - the market is sideways, choppy and RISKY * *

I have various different set-ups (short-mid-long term, bear & bull) I'm watching and always waiting for confirmations of each one BEFORE entering a trade

Comment your ideas down below :)

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