#Bitcoin : Current thoughts and a general trading plan.
Updated
This is just my general thoughts on Bitcoin atm.
Obvious Head and Shoulders pattern, But the thing is if Gold or EUR/USD pump, or the DXY Sells off, BTC could just negate the bearish chart.
So this is a plan of areas to watch for this Head and Shoulders to play out or reject from.
Note the large Bull flag structure we are trading inside, under the pink upper resistance i think its short term bearish at least.
Check below for further comments.
Obvious Head and Shoulders pattern, But the thing is if Gold or EUR/USD pump, or the DXY Sells off, BTC could just negate the bearish chart.
So this is a plan of areas to watch for this Head and Shoulders to play out or reject from.
Note the large Bull flag structure we are trading inside, under the pink upper resistance i think its short term bearish at least.
Check below for further comments.
Note
Weekly bull flagNote
Expected movement for BTC unless we get above the PINK LINE soon.Note
Seems to be finding support here, See my latest idea. Will be watching if it pumps the previous support of the H&S neckline.
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