Long

BTC target 7944 - Head & Shoulders pattern play

Updated

As you can see H&S pattern has emerged and has a target at $7944

tight stop loss below 7240
Major stop loss below 6850

However, BTC could still test the neckline at 7040 before heading up to the target - so do your math

Trade closed: stop reached

First stop 7240 reached and now we are looking to test the neckline 7040 as we mentioned before... we might bounce from there
still our major support -stop loss is at 6850 if it breaks the pattern will be failed and BTC will retrace to the lows at $6000

Note

just to clarify the trade is not closed as still we have another stop loss to watch

Trade closed: stop reached

Unfortunately, Major stop loss reached BTC short position is closed and made a loss we broke the neckline and looks like we are going to test the support $6400 -6000

tmourad76

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