BTC Inverse Head and Shoulders 1:6 R:R 🚀
Updated
BTC just broke out of what it seems to be an inverse head and shoulder pattern + a mini cup and handle in the right shoulder - bullish?!
We wanna see it close above the neckline on the 4H to make sure it's not a fake out.
Entries (green arrow)
1. fomo here (small position only)
2. safer entry (retest of neckline breakout): $38700
Target 1:
42K
Target 2:
48K
Stop loss:
buy and sit on your hands or < 37k
Have fun!
We wanna see it close above the neckline on the 4H to make sure it's not a fake out.
Entries (green arrow)
1. fomo here (small position only)
2. safer entry (retest of neckline breakout): $38700
Target 1:
42KTarget 2:
48KStop loss:
buy and sit on your hands or < 37k
Have fun!
Note
BTC retest confirmed! Hope you guys got in on the diiiiip. Looking good so far.Trade active
Trade still going btc 45k 😎Trade closed: target reached
Well this worked out nicely. Watching closely for the next one.
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