Kassem_Trades
Long

BTC long opportunity. Reverse H&S+bullish divergence+MACD cross

BITFINEX:BTCUSD   Bitcoin / Dollar
On the 4h chart BTC             its clearly closing an inverse H&S plus the bullish divergen (red line) plus MACD cross over the 0 line (red circle), this can launch us to the resistance zone (in purple) and if we made it through it to the hole extent of the neckline to about 11,800.

Don't trade until the inverted H&S has close, its to risky. Happy trading.
Trade ist aktiv: It seems the right shoulder was longer that I expected, remember that some times the H&S pattern retest the right shoulder. As long as we don't go below the initial depth of the right shoulder we are ok. But remember don't trade this idea unless it breaks the neck line, a full 4h candle must close above it. Please like this idea and I'll continue updating it.
Trade ist aktiv: We broke the neckline and we're on the run, expect some heavy resistance on the 9500 -9700 area. this is our first target so we can move to the 10,400 - 11,000 that is target number 2. I know a lot of guys here at TV called for the inverted H&S, but must of them a day after I did, give me some credit and like my idea so I'll continue updating it.
Trade geschlossen: Ziel wurde erreicht: 2nd target reached. Now is time to see if the much larger inverted H&S closes. I would wait until the break out or accumulate positions on the 9,800 - 10,400 area.
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