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VasilyTrader
May 20, 2019 9:21 AM

Bitcoin Potential Drop Short

Bitcoin / U.S. dollarBitstamp

Description



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
Comments
Cryptonite_trader
Nice analysis. This is what im seeing

agent474
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:
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