BTCUSD INV H&S Breakout Trade for BITMEX:XBTUSD.P by mdyassink

trendanalysis chartpattern headandshoulders btcusd btc btcusdlong bitcoin bitcoinforecast crypto cryptocurrency

BTCUSD Trade Opportunity right now on the 4hrly chart. Possible to wait for confirmation with a bounce with resistance of Inverse Heads & Shoulders pattern turning to support. Beware of Fakeouts!

Target around 57750.

Just sharing an observation.

Good luck!

Comment:

Possible bounce from top of pattern... wait for confirmation on the hourly or 4 hourly candle for confirmation for safer long entry for this Inv Heads and Shoulders pattern with a stop loss at below the previous resistance turned support area...

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