A breakout past the neckline will need to be confirmed by strong volume, keep this in mind. Once confirmed, the price difference between the neckline and the head is the usual target ($4450) but I will set the target price to $4350+. I have purposely lowered the target to this level as we have to be very careful in these market conditions.
If you are going long, set stop losses below the right shoulder, but keep in mind bitcoin is very volatile right now and anything could happen.
If you are going long, set stop losses below the right shoulder, but keep in mind bitcoin is very volatile right now and anything could happen.
Trade closed: target reached:
there was another inverted H&S after the breakout failed on this one