$BTS USD Head and Shoulders Idea Expanded - Aim For Accumulation
Updated
I am aiming to build low leverage longs in that box while the 4 hour and 1 hour indicators are reset. I think we will see a strong bounce and the price action from today does not concern me at all.
I don't have a stop loss on this, I will keep averaging down until a good bounce and then reevaluate the trade if I need to. Will probably aim to jump out when the 4 hour indicators are on their way back up. Will look to exit if this head and shoulder fails or on liquidation. Look out for me on the BitmexRekt bot!
I don't have a stop loss on this, I will keep averaging down until a good bounce and then reevaluate the trade if I need to. Will probably aim to jump out when the 4 hour indicators are on their way back up. Will look to exit if this head and shoulder fails or on liquidation. Look out for me on the BitmexRekt bot!
Note
This can definitely still be valid in my opinion if we see some positive action in the next day or so.
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