HARMONICSANAND

BTCUSD in head & shoulders !

Short
BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
BTCUSD : CMP 42940
trade setup:
sell below 40000 price zone
based on H&S pattern setup
keeping 46800 as stop loss on closing basis
for targets : 35337 / 29161 / 19156
technical set up :
1. head & shoulder bearish pattern setup
2. long term support breakdown
3. higher volume in sell candle & low during buying
note :h&s is a continuation pattern before selling see the volume on higher side to initiate trades
Comment: 38255 low
Comment: 36082 low
Comment: 35600 low