BTC UPDATE! H&S ROUTE HAS BEEN TAKEN
Updated
Hi! My concerns about a H&S in my previous post appeared to be reasonable. The neckline was broken, measured target at 6550.
7K trying to hold, but if broken, we will go down hard and fast. If the price will manage to get back to 7400 today, we still have some hope for the cancelation of the pattern but my SL was hit at 7499, and I'm not going to go back without strong confirmation.
If you remember, the selling point was when it began to lose momentum and engulf and I hope you didn't miss it, so you can scoop more coins soon.
Watch 6800-7000 for the bounce, but no FOMO, because dead cats bouncing to, so make sure it's alive before entry
//This information is not a recommendation to buy or sell. It is to be used for educational purposes only//
7K trying to hold, but if broken, we will go down hard and fast. If the price will manage to get back to 7400 today, we still have some hope for the cancelation of the pattern but my SL was hit at 7499, and I'm not going to go back without strong confirmation.
If you remember, the selling point was when it began to lose momentum and engulf and I hope you didn't miss it, so you can scoop more coins soon.
Watch 6800-7000 for the bounce, but no FOMO, because dead cats bouncing to, so make sure it's alive before entry
//This information is not a recommendation to buy or sell. It is to be used for educational purposes only//
Trade closed: target reached
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