Arnaudcrypto

Inverse Head & Shoulders on BTC !!

Long
BINANCE:BTCUSDT   Bitcoin / TetherUS
BTC is currently under resistance at $6460 and we can observe an inverse Head & Shoulders configuration on H1 time horizon.

If the resistance breaks, we can open a buying position to target the 38.2% retracement of Fibonacci to $6520 initially and the level of $6600 thereafter !

Strategy summary
Buy: Under $6475 if resistance breakage (breakage confirmed by a candlestick 10 min above)
T1 : $6520
T2 : $6580
Stop: $6420

Join us on : https://t.me/crypto_addicts_free
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.