BTC retest the neckline of H&S Pattern

30 sept.

Following my trading plan by the previous idea of BTC, I will buy at the point where BTC retest the neckline of H&S Pattern.

The big pattern of BTC is double bottom, and the small pattern is H&S pattern.

The entry point:
1. After BTC breaks the neckline
2. Follow the point where BTC retest the neckline
3. The middle point of the big bottom if BTC goes up

Target zone is 80.500, corresponding upside is 25%

30 sept.

Note

BTC has been until establishing the retest position.

The event to mark this retest was complete when the BTC price reachs 65.114 and continually goes ahead.

Where is the best place to order the buying for BTC?

I saw the lowes low of BTC in H1 chat is: 63.044, and the privious bottom is: 63.256. Therefore we can place an order at 63.256 with the assumption that the BTC price will create a small H&S pattern in H1 chart.

30 sept.

Note

I just adjusted my entry point to 62441 based on the lowest price of the previous day of the breakout before

1 oct.

Note

I failed in choosing the entry point for BTC

BTC had a hard test to violate those days near the pivot point on the neckline of H&S pattern

1 oct.

Trade fermée: ordre d’arrêt atteint

Stop reached