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XLNCTrader
Feb 9, 2023 6:05 PM

Bitcoin Head and Shoulders Short

Bitcoin / TetherUSBinance

Description

Bitcoin has been in a nice range for the last couple of weeks, however it looks to have painted a H+S with a broken neckline. Targets and trade set ups shown with stops and invalidation levels. If the neckline is reclaimed, I would look for a long to reclaim at least 0.5 fib for first TP and second TP range high.

Comment

50% closed at 1.5 fib level from range, stops also moved into profit.
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