Inverse Head & Shoulders on BTC !!
BTC is currently under resistance at $6460 and we can observe an inverse Head & Shoulders configuration on H1 time horizon.
If the resistance breaks, we can open a buying position to target the 38.2% retracement of Fibonacci to $6520 initially and the level of $6600 thereafter !
Strategy summary
Buy: Under $6475 if resistance breakage (breakage confirmed by a candlestick 10 min above)
T1 : $6520
T2 : $6580
Stop: $6420
Join us on : t.me/crypto_addicts_free
If the resistance breaks, we can open a buying position to target the 38.2% retracement of Fibonacci to $6520 initially and the level of $6600 thereafter !
Strategy summary
Buy: Under $6475 if resistance breakage (breakage confirmed by a candlestick 10 min above)
T1 : $6520
T2 : $6580
Stop: $6420
Join us on : t.me/crypto_addicts_free
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.