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duycarpenter31187
Jul 8, 2019 3:19 AM

Head & shoulders pattern is being formed Short

Bitcoin / TetherBittrex

Description

- the Head & shoulders chart is being formed
- we can see very clear resistance
- the volume is under the average
- the EMA9 is so close to EMA18
=> if it can break down the support rectangle (the red box) => it can hit 10375 or event 9697 easily.
I think it will go down but this year btc has faked out many times. so not to be suprised if it can up

Comment

sorry, almost forgot one case, maybe sideway between 10800-11616 because it tried to break the support twice. so the H & S pattern is confirmed only when it break the support. just see how the market go, then follow it

Trade closed manually

H & shoulders pattern failed, it went up
Comments
Make_Money_Guru_Bitcoin
plz cheak my share idea on tradingviwe
TradingShot
Your material is great value added to the community!
Bullandbeartrading
I see the analysis as you do. Lets see, @duycarpenter31187

duycarpenter31187
@Bullandbeartrading, on chart 4H it's bullish bro
Make_Money_Guru_Bitcoin
good job
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