reees

there's that right shoulder

BITSTAMP:BTCUSD   بتكوين
we saw this one coming. sure enough, that's looking like a right shoulder to me. the caveat being that we just got rejected by the long term bull trendline (white line).

i don't have time to trade this, but i would be looking for a better entry probably. maybe closer to $34k.

stop below the right shoulder, closer to $33k.

i still think we should trade with the mindset that $25k is just as likely as $45k, so i would continue taking modest profits and/or using a trailing stop.

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