Bitcoin
Short

Seeya Bitcoin

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Head & shoulders pattern forming on Bitcoin.

There is a demand zone shaded in blue that is acting as the last support. I'm expecting this to break, and break well with volume. A sloping neckline always performs better!

Volume is also decreasing on the right shoulder. All signs of a downward breakout.

Target is the green line, stops above red line once the neckline breaks.

Please give this trade idea a THUMBS UP and I will keep you updated!

Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.


Transaction en cours
Here we go. Orders filling
Note
Lower low. snapshot
Transaction en cours
Adding more to short position on a break of the bear flag pole:
snapshot
Transaction en cours
Didn't get the bear flag break. Manage risk as we are seeing a pull back now which hurts the H&S performance to target.
Transaction en cours
Reducing risk and moving stops to BE
Transaction en cours
Taking partial profits is a good idea
Transaction en cours
Majority of position closed, banking profits
Trade fermée: cible de profit atteinte
Wow pin point target reached!!
Bitcoin (Cryptocurrency)breakoutChart PatternscryptonecklineTrend Analysis

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