In this post I compare potential HS now with HS which was in June. You can see reactions of MA77 and 231. Now we should make ABC correction down and by the past golden pocket would stop the move down and after that should finish RIGHT SHOULDER of HS pattern. Potential target for this pattern would be 5400+ (BitMEX price).
Who want agressive entry should place buy orders on 0,5, 0,618 and 0,65 fib. retracement. That means entry between 3400 and 3600 USD. Your target can be 5400+. And stoploss? Under 3300 USD.
I think RRR 1:6 is great.
Who want agressive entry should place buy orders on 0,5, 0,618 and 0,65 fib. retracement. That means entry between 3400 and 3600 USD. Your target can be 5400+. And stoploss? Under 3300 USD.
I think RRR 1:6 is great.