BitcoinLong
Possible short-term BTCUSD HEAD AND SHOULDERS PATTERN formed.
Please see attached chart. BTCUSD 1-4hr timeframe.
[Not financial advice, but financial freedom advice!]
There could well be a possible H & S pattern that takes us from the neckline of around 104k down to the $99-101k buy-in zone.
This area also aligns with the 50% fib, charted from the recent swing low of $94,300 to swing ATH of $108,360
Max volume profile area also aligns at $101,000.
Longs opened at $103-104k, with further entry long limits set at 99-101k, expecting 107-108k retest for subsequent take profit. Will let anything that breaks 108k run beyond with stops adjusted as necessary.
Thanks.
[Not financial advice, but financial freedom advice!]
There could well be a possible H & S pattern that takes us from the neckline of around 104k down to the $99-101k buy-in zone.
This area also aligns with the 50% fib, charted from the recent swing low of $94,300 to swing ATH of $108,360
Max volume profile area also aligns at $101,000.
Longs opened at $103-104k, with further entry long limits set at 99-101k, expecting 107-108k retest for subsequent take profit. Will let anything that breaks 108k run beyond with stops adjusted as necessary.
Thanks.
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