Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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Make sure to LIKE and FOLLOW!
Trading an Inverse Head and Shoulders Conservatively An investor can wait for the price to close above the neckline; this is effectively waiting for confirmation that the breakout is valid. Using this strategy, an investor can enter on the first close above the neckline. Alternatively, a limit order can be placed at or just below the broken neckline, attempting to get an execution on a retrace in price. Waiting for a retrace is likely to result in less slippage; however, there is the possibility of missing the trade if a pullback does not occur.
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DISCLAIMER:!!!This is not to be considered financial advice is my personal opinion, always do your own research before entering or exiting trades as i will not be held liable for any of your trades!!!
Comment
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Just a heads up to keep an eye on right now potential bear flag on the hourly we want to respect that trend-line illustrated above.