BlockchainBreakdown

BTC Head and Shoulder round 15K

Long
KRAKEN:BTCUSD   Bitcoin
So another H and S forming around the 14k to 15 k range similar to AUG.

Could reject at the 15k range maybe trying to double top or test the 15k range and break through, If rejected could see a drop down to prior support of 12.5K Considered the end of the month and BTC futures CME tend to dump around that time.

Or if we get lucky and we see a break through of 15k and see a retest support resistance at 15k then look for new targets around 16.5

Keep your options open, eye on the prize, stop losses and trailing stop profits are your friend and same

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.