BitcoinLong
Bulls emerge, inverse H&S breakout
Updated
finally the inverse H&S is broken, as well as the 100 EMA, which to me is a strong enough reason to go long
TP1: 10,000 (psychological and resistance level)
TP2: 11,900 (neck to head distance)
stop Loss: 7,880 (lowest shoulder value)
***Disclaimer***
- This information is not a recommendation to buy or sell.
- I am not a pro trader, but someone learning technical analysis , as i go along, constructive criticism and positive feedback is most welcome :)
TP1: 10,000 (psychological and resistance level)
TP2: 11,900 (neck to head distance)
stop Loss: 7,880 (lowest shoulder value)
***Disclaimer***
- This information is not a recommendation to buy or sell.
- I am not a pro trader, but someone learning technical analysis , as i go along, constructive criticism and positive feedback is most welcome :)
Trade active
Target 1 of 10K done, expecting a bounce back from 10K to target 2 of 11,950Note
Target 2 in range, ill be wrapping up my positions, when prices touch the top of the channel @ ~11,500-11,900Trade closed manually
there is a failure to breach the top on the channel, so im closing positions will still green...
Related publications
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.