RhythmTrader
Short

Bitcoin Short To It's Lows - Continuation H&S Pattern Set-Up

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
This is how this pattern is typically played out.

Stop at the point this pattern becomes invalidated.

Entry once price shows acceptance below.

First area of support, risk off.

Trailing stop to second area of support.

I view these large candles (circled) at the neckline as an indicator for a stronger follow through.

The thought is that such a rejection is the bulls last ditch effort to reject this neckline, strengthening it as support when it flips to resistance.
Dec 14
Trade closed: target reached
Trader. I do my best to educate through analyzing charts, trade ideas, fundamentals. Shoot me a DM, let's talk everything #Cryptocurrency and #Blockchain
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out