BTCUSD Bitcoin has a really interesting head and shoulders even on 1D.
The aggressive neckline has broken and provided 5.84% gains on a short.
Waiting for confirmation via:
1. Plan A: Bearish Retest of Neckline for short to possible pullback zones 25.2K and 24k levels
2. Plan B: Fake-out of Neckline for Long to first to 31k
Future markets open in about 3h 34m
Always having Plan A and Plan B scenarios so we can react once the markets provide an opportunity to execute our edge.
If you liked this idea or if you have your own opinion about it, write in the comments.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations.
Note
BTC is still in play for the Head & Shoulders.Huge pattern so taking time to develop.
Don't forget Plan A / Plan B from above and set your alerts.
Current price action:
Note
BTC is activating!Buildup underneath the broken neckline provides more leverage to short with confidence. Buildup Breakouts and Breakdowns have less of a chance to fake out.
It's all happening - set your alerts and ride the wave!
Here is an updated chart:
Note
BTC update to above idea.This update is showing a very important aspect as how to use
BTC as an indicator and confluence to time moves on #altcoins for 30% to 40% gains.Keep it real. Wait for your EDGE and EXECUTE. This requires PATIENCE and FOCUS.
If you like my ideas AND updates, please let me know.
I also wouldn't mind getting a Boost and Share within your network :) Thanks!
BTC updated chart:
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.
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.