BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
The decrease is vols makes me thing this is a head of HS forming..!
Disclaimaer.... Only a startegy check, not a trading /investing advice
Comment: excuse the right shoulder which h wrongly gone higher up, but what makes me more convinced is this set up of a bearish bat and HS forming in the PRZ..
Comment: so far so good...
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Comment: right shoulder skeleton
Comment: alternative Rshoulder skeleton...
Comment: the dotted green like is a very imp level i the bearish bat PRZ, that can also stop the ascent of the right shoulder
Comment: wow just what i updated a minute ago..
Comment: sharp rejection from the neckline!...
Doubts remains.....
Comment: make or break time..
Comment: demand dominance thoughout the rt shoulder
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Comment: market maintain typical equilibrium thoughout the HS... this is it.. decision point... the SL or TP trigger...
Comment: approach of the final neck...
Comment: headlock
Comment: markets still at equilibrium, man this is a weak HS!

Comment: now bullish take over is happening, further weakening the HS, have reduced short position acquired at the top of rt shoulder...

https://s3.amazonaws.com/tradingview/sna...
Comment: bullish truncated butterfly and symm tri at the rt shoulder...
its desroying the HS mojo
Comment: and it happens....
great work? When to sell?
Reply
@bdu, plz have your own assessment... this is not a trading advice, just an analysis
+1 Reply
bdu sandipan.mch
@sandipan.mch, Thanks
Reply
@bdu, anytime, dont mention.
Reply
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