VasilyPonomarev
Short

Bitcoin Potential Drop

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar

very nice head and shoulders formation on bitcoin .
if bears break 7850 minor support,
most likely the price will reach 7500 and 7200 levels.

+take into accoun rsi divergence
Comment: market is going down
Trade active
Comment: Target 1 reached
Trade closed: stop reached: Good trade
Target 1 was reached
Then we exit
✅My Twitter: https://twitter.com/VasilyTrader
✅FREE Telegram https://t.me/VasilyTrading (Text me for VIP private group)
✅Your personal trading coach. Contact me for one-on-one online trading sessions.
✅Broker that I trust http://bit.do/YourBroker
Nice analysis. This is what im seeing

Reply
Appreciate your work, however this thing doesn't really look like H&S. I think the main reason of a dump is the gap around $7150, check it out:
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Get Help Ideas Published Followers Following Private Messages Chat Sign Out