HIGH RISK/REWARD BITCOIN SHORT POSSIBLITY
If we zoom into the 1 HOUR CHART on Bitcoin we see that there is a Head & Shoulders pattern forming with a possible drop of 7.48% if it plays out.
A HIGH RISK/HIGH REWARD short entry at this point would be a possible gain of almost 2% over the confirmed/Retested entry, if this pattern plays out, for a total of 9.32%.
A HIGH RISK/HIGH REWARD short entry at this point would be a possible gain of almost 2% over the confirmed/Retested entry, if this pattern plays out, for a total of 9.32%.
Comment:
Looks like the right shoulder is reestablished and we are still on track for this possible pattern.
Comment:
A little wonky right shoulder but it still may work...