Hey all!
Looks like we have a small inverse H&S here.. but it's kind of ambiguous as it could also be a normal head and shoulders with that first shoulder wave.
But -we have bullish divergence on the sRSI, and RSI (4HR)
Not too much strength behind it, but it's not a risky trade IMO.
My play here:
Wait for BTC to cross the 1:1 Gann Fan and play the break out, set a super tight SL and TP at around $9.3 - $9.4 (determine a more specific TP once it confirms).
If it is a bearish Head and Shoulders -wait for price to drop below the 2:1 and again set a super tight stop loss.
What do you guys think?
Thank you for looking at my idea!
Looks like we have a small inverse H&S here.. but it's kind of ambiguous as it could also be a normal head and shoulders with that first shoulder wave.
But -we have bullish divergence on the sRSI, and RSI (4HR)
Not too much strength behind it, but it's not a risky trade IMO.
My play here:
Wait for BTC to cross the 1:1 Gann Fan and play the break out, set a super tight SL and TP at around $9.3 - $9.4 (determine a more specific TP once it confirms).
If it is a bearish Head and Shoulders -wait for price to drop below the 2:1 and again set a super tight stop loss.
What do you guys think?
Thank you for looking at my idea!
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.