MMBTtrader

BTCUSD ready to complete head and shoulder or follow the path?

Long
MMBTtrader Mis à jour   
BITSTAMP:BTCUSD   Bitcoin
as we can see BTCUSD is completing a reversal pattern here (H & S) and for confirmation of this pattern we put purple line near resistance over here that is important zone(52300$) too if it break and retest get completed we would say for sure pattern is completed and we are going for our targets:
A. 58K(all time high)
B.66400(if major resistance break then we would have this target taken from Fibo from start of this heavy wave << fibo based on 28K to 58K>>)

Green path :we are near important and strong daily trendline price can easily go down to touch this trendline too and we can say even to 0.6% of Fibo retracement too and then we would expect huge gain 🚀

so head and shoulder can easily get invalid and green path continue too but be ware of Blue circle too maybe the price and candles sometimes gets out so don't think that oops here we can see head and shoulder crash .

some previous analysis :

and ..

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Trade fermée: cible de profit atteinte:
10000$ gain (first target)

+20% profit (if at least leverage 10 = 200 % profit)

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