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alexb123
Aug 15, 2017 9:51 PM

Inverted H&S signals a recovery to $4350+ Long

Bitcoin / United States DollarCoinbase

Description

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.

Trade closed: target reached

there was another inverted H&S after the breakout failed on this one
Comments
freebtc4e
woa..good job ! keep it up 🚀
SpandyAndy
Wow, doesn't look like it can break the neck line. Thank you for sharing your insight!
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