BTC/USD Long to 71k after inverse head and shoulder
BTC has completed an inverse head and shoulder much like was seen at the end of Feb/Early Mar. Boundaries of resistance and support are marked with solid red lines. Stop loss set below shoulder. Marked long position is measured from head to neckline. Price is expected to hit 71k range.
**Disclaimer: This is not financial advice as I am not a professional. This is merely me sharing my thoughts. Happy Trading!**
**Disclaimer: This is not financial advice as I am not a professional. This is merely me sharing my thoughts. Happy Trading!**
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Late updating, but stop loss should have triggered if you were following. Interesting to see the boundaries and supports/resistances were pretty spot on for the most part. Fell out of ascending wedge (that should have been a red flag in itself but I guess I was too optimistic), fell to blue and tried to hold then failed to hold. Dropped to purple and didn't have enough oomph to bounce. Now we have fallen below purple and are testing purp as resistance.
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