Zoomed in bearish H&S Short

Bitcoin / US Dollar IndexBitMEX

Description

⋅ Sep 17, 2020 7:32 AM

Chart is zoomed in zo this really doesn’t have to happen, but how it looks right now we have an bearish head and shoulders with an neckline at 10850

Target 10600

Fir me bearish target is 9000 after that holds we might go test for an break above 12000

But after the 2k dump I am leaning a bid bearish even after this 1k+ move up

Trend Analysis Chart Patterns

Comments

PolarHusk

⋅ Sep 17, 2020 7:39 PM

VeryNiceWork

TommieV

⋅ Sep 17, 2020 11:23 AM

This drop might be forming another bearish head and shoulders, I expect an bounce of the 21 EMA on the 4h

I will take 50% of my trade for profits,

If bounce target 11k

When break down target 10400-10300