Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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BTC seems very eager to break out of this Inv-H&S pattern. If successful the target range is anywhere from 8350 to 8500.
Keep close eye on this one.. :)
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Watch Volume, if green volume start to pick up then we might see break out, if not then it might be a failure pattern. Volume is the key. Stoch and RSI are healthy for now.
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BTC finding support at neck-line of H&S, RSI also testing EMA for support. This 1hr candle is imp.
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There it is, we have perfect test of neck-line and continuation upwards. Though it is moving very slowly, but as day comes to an end I am hoping to see some rapid upside moves.
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Congratulations to all who played this Idea. As said in first post, I was long from 8050 (neckline break point). I held that position for some time and it finally paid off BIGGG time. I closed large sum of my position at 8525 and still holding small position.