ForexCollege

BTCUSD Trending up but..

BITSTAMP:BTCUSD   Bitcoin
The price is in a uptrend, but can this be a tentative head-and-shoulder pattern? We know from experience that when a pattern respect the neckline of a pattern at least for awhile, that sooner or later on of the forces of supply or demand will over power the other. While the price is still respecting the neckline as support we will consider buy opportunities. However, as soon as we start seeing an increase in bearish momentum we will start thinking of sell orders below the neckline. Always consider what the price can do and then trade the setup with the highest probability.

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