BTC Inverse Head and Shoulders
BTC has a nice looking inverse head and shoulders on the 15m. This could lead to a break of the trendline above. It may be a good short there too, for now I'd consider it rangebound between about 63k and 50k.
Note
It nearly hit the trendline there before a small rejection. I see this area and reaction from here quite important. If BTC does reject more, it may provide a long opportunity and bounce at the neckline from the inverse H&S if it hits. Looks pretty rough if it doesn't hold that.
AP Academy Beta Registration Open:
ko-fi.com/advancedplays/tiers
Short Thesis:
advancedplays.com/short-thesis.pdf
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes.
ko-fi.com/advancedplays/tiers
Short Thesis:
advancedplays.com/short-thesis.pdf
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes.
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.