BTC- H&S
Short term H&S, volume not displayed on XBT chart but volume pattern is valid on XBTUSD chart. Pattern is messy and not ideal but still valid in my opinion. Hourly ADX<20 = potential trend stagnation and reversal. This makes sense for the return move of the H&S which is the ideal entry point.
Target 5% below at 1111; 0.618 fib retracement of recent rally; 0.236 level of retracement from 14500 to 0; 50% fib speed line
Target 5% below at 1111; 0.618 fib retracement of recent rally; 0.236 level of retracement from 14500 to 0; 50% fib speed line
Trade active
Stop Loss: 11883Target: 11117
Note
Volume pattern on XBTUSD chart for reference Trade closed: stop reached
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