mfilippi

head and shoulders inside a simmetrical triangle

Long
mfilippi Updated   
KRAKEN:BTCUSD   Bitcoin
on short terms swing trade there is a chance to head and shoulders pattern.
So it's berish pattern but in medium term and long therm it's still bullish rally.

If you want take some profit and set limit buy order on fibonacci retracement level. No risk of catch falling knives on short term with low leverage below 10x.

Good Luck
Trade closed: stop reached:
the head has reached so the pattern is not valid anymore.

hte simmetrical triangle is still valid and now are testing the support of last ATH

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