BTC - the small "head and shoulders" really become?

Jan 19, 2019

Good evening everyone, tonight.
BTC has pulled a small climax.
I think that the essence of the trend is to break through the shock. The essence of the shock is the form. The essence of the form is the time period.

From the point of view of the 4H cycle K-line, the neckline resistance has been successfully stabilized, so the possibility of forming the head-shoulder structure is very high in probability, but my spot remains on the sidelines because the level is too small, not right. The shoulders are laid out in advance, and if the direct neckline is chased, the spot profit is not very large.
But here are some trading ideas for friends who have already entered or intend to chase.
Generally, the formation of the structure of the head and shoulders requires price confirmation to break through and stand on the neckline. At present, for the structure of the small cycle, the neckline resistance is at 3,650 US dollars, and the 4H level of the line has also officially confirmed its stability.
The theoretical breakthrough goal will look at the distance from the bottom to the neckline of the volatility breakthrough, which is around 3,850 US dollars, here is also the short-term horizontal support resistance level of the short period, so the first target looks here, followed by It is the key downtrend line suppression, currently in the vicinity of $3,930!
How do radicals trade this strategy?
Bitcoin is buying at current price, and the stop loss is at the low of 3,570 USD. If the profit/loss ratio is based on the first target, it is only 1.5:1. It is not worthwhile, even if it is based on the second target. Only 2:1
It should be noted that the current shock period, so the winning rate of this head and shoulders structure has to fall, so I keep watching, you will take this strategy away!

I wish you all the best.