TradingView
ARESABI
Oct 23, 2019 12:38 PM

BITCOIN - Bearish Scenario (Head & Shoulders) Short

Bitcoin / U.S. dollarBitstamp

Description

Hello my friends!
What we can see on the daily chart is a classic Head & Shoulders pattern.
This is a continuation pattern followed by a strong move. We are also at a very important Support Zone,
which could break if enough sellers enter the market in the next two days.
We will open a position under the following conditions

Position: Short
Open: When Neckline breaks - Candle close below 7800.00
Close: Red Box from 6600.00 to 6800.00
Wait for a confirmation first!

I will update this chart accordingly!

THANKS! For all the positive feedback im receiving lately.
Leave a thumbs up if you like this idea and Follow me for more updates!
Feel free to support me on Patreon.

Disclaimer:
Any opinions, chats, messages, news, research, analyses, prices, or other information contained in this Idea are provided as general market information for educational and entertainment purposes only

Trade active

Here we go! Entry: 7800.00

Comment

Comment

*It's a reversal pattern. Continuation pattern in terms of an overall downtrend
Comments
iZoD
Historic bear trap
irantarde
good job Buddy :X
ARESABI
@afshinnejatkhah, thank you my friend! hope you profited from my idea
Hadiahmadi531
@cryptobuller, yeah many did,
Hadiahmadi531
@cryptobuller, by Waiting and falling behind...lol
Osemka8
Cheers. This aged well in minutes.
ARESABI
@Osemka8, gladly :-)
Hosseinaminzade
Hello dear professor
happy New Year
I am Iranian
I'm a beginner and used your signals, it was great
I want to prostrate to your science, I hope I succeed one day, of course, with the help of your Master,
If you have a telegram channel send me
Thanks
More