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mfilippi
Feb 21, 2021 9:30 AM

head and shoulders inside a simmetrical triangle Long

Bitcoin / U. S. DollarKraken

Description

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
Comments
FugaziBitcoin
So you have a good buy at 55k?
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