LONG BTCUSD
Pros
Cons
Strategy
- H&S pattern confirmed
- The last 3 lows are rising
- No divergences and uptrend on RSI.
- Searching for 38.2/50% correction of the last bearish wave.
Cons
- Countertrend
Strategy
- Buy a half when the H&S are completed, and the other half if there is a pullback.
- 2 projections, the downchannel and the H&S. I think the projection channel is too aggresive.
Trade closed: stop reached
The ripple has the same structure and it's still valid. But it's too correlated with bitcoin.
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