Good Morning,
A quick idea on the BTCUSD!
I can see a small Inverse H&S in which we have already broken the neckline and are in the process of confirming, I believe this could at a minimum send us to the top of the current Bearish Pendant we are in, as to what will happen at this level is anyone's guess. When bloody moon BTC!
In terms of trading this I would look at an entry when we have broken the "up" Fractal (B.Williams) sitting just below 7800.
Entry - $7800
Stop - $7470
Target - $8700 - $9100
Risk/Reward - 4
Potential profit - 15%
Thanks,
Fraser
A quick idea on the BTCUSD!
I can see a small Inverse H&S in which we have already broken the neckline and are in the process of confirming, I believe this could at a minimum send us to the top of the current Bearish Pendant we are in, as to what will happen at this level is anyone's guess. When bloody moon BTC!
In terms of trading this I would look at an entry when we have broken the "up" Fractal (B.Williams) sitting just below 7800.
Entry - $7800
Stop - $7470
Target - $8700 - $9100
Risk/Reward - 4
Potential profit - 15%
Thanks,
Fraser