Bearish H&S forming on 4H BTC - Keep your shorts

2020년 1월 21일

Just a continuation of the entry/exit levels of my previous chart.

Right shoulder, formed during the past several hours giving us three options:

1) BTC breaks, falls to 8510-8480, bounces and falls further to around 8130 support
2) BTC rejects at 8780 resistance, makes a bounce around 8480 and continues to 8130 support
3) I am wrong.

DO NOT open shorts at this level, wait for a better entry! This chart is just a continuation of my previous chart that had the entry point at 91XX.

Cheers,
George

2020년 1월 21일

액티브 트레이드

Target 1 reached.

2020년 1월 22일

액티브 트레이드

We should be starting to form the right shoulder now, the bounce seems to be complete. If you want to play it safe you can take half of your profits at 8460 level. We might just repeat yesterdays scenario.

2020년 1월 23일

액티브 트레이드

Target 2 reached. 144% ROI so far. I closed another 20%. Next important resistance is 8400 - if that breaks we go 8138. If you made money from my chart leave me a comment ;)

2020년 1월 23일

액티브 트레이드

Target 3 reached. I have now only 25% left on that short. Enjoy bears, that short move was textbook and I am happy we got it. Enjoy the profits.