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Short

BTCUSD 2H Bearish Fib Continuation

BITSTAMP:BTCUSD   Bitcoin / Dollar
15M Chart
Possibly Inverted H&S
1st Sell Stop @ 8800.
1st Take 1/2 Profit @ 8525.
2nd Sell Stop @ 8400.
Take Profit @ 8015.
Kommentar: Price hit 1st and 2nd take profit
snapshot

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Inverted head and shoulders are bullish, not bearish.
Antworten
@ant187, The reason I commented on the inverted H&S because it is bullish and would create a bullish retrace. It was a warning to not get in to early. Wait & be patient for price to come back to the sell stop level. Thanks for your observation because you were correct.
Antworten
ant187 PRO Tradingstrategyguides
@Tradingstrategyguides, Gotcha, sounds good
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