Potential Bearish Head & Shoulders on BTC
Bitcoin is struggling to break out of the bearish trend. If it continues it could confirm a breakdown with a target around $28k
Trade active:
The H&S has confirmed, looking for reversal action at the trend line around 28-29k.
The higher time frame bias is still bullish, so I would keep a smaller position for this trade, looking to take some profits at 50%
The higher time frame bias is still bullish, so I would keep a smaller position for this trade, looking to take some profits at 50%
Trade active:
the price bounced off the trend line at 29k, I closed most of the position, looking to close it all and go long on a retest (green zone)