BTC target 7944 - Head & Shoulders pattern play

2018年4月3日

As you can see H&S pattern has emerged and has a target at $7944

tight stop loss below 7240
Major stop loss below 6850

However, BTC could still test the neckline at 7040 before heading up to the target - so do your math

2018年4月4日

交易结束：到达止损

First stop 7240 reached and now we are looking to test the neckline 7040 as we mentioned before... we might bounce from there
still our major support -stop loss is at 6850 if it breaks the pattern will be failed and BTC will retrace to the lows at $6000

2018年4月4日

注释

just to clarify the trade is not closed as still we have another stop loss to watch

2018年4月4日

交易结束：到达止损

Unfortunately, Major stop loss reached BTC short position is closed and made a loss we broke the neckline and looks like we are going to test the support $6400 -6000