We can see on a daily chart the extended rough cup & handle formation that culminated in an expected spike upward a week ago, but the handle may also now be a part of a head & shoulders formation which may signal a downtrend. If it completes the H&S, I am setting my stop-loss at 900 satoshis. We may see it retract to around 800-820 before rebounding. If it doesn't complete the H&S, my target will be around 1050-1100.
DISCLAIMER: I am not a trading professional, and as such, my publications should not be construed as trading advice. Do your own research and follow your own conclusions. Choosing to follow my analysis is your own decision, and thus you are responsible for any gains or losses you may realize as a result.
DISCLAIMER: I am not a trading professional, and as such, my publications should not be construed as trading advice. Do your own research and follow your own conclusions. Choosing to follow my analysis is your own decision, and thus you are responsible for any gains or losses you may realize as a result.
Trade closed: target reached:
Trade closed due to the bull run last night. Guess I called this one way off!