BTC - Head and Shoulders Return Move

٤ سبتمبر ٢٠١٩

The recent rise over the past few days suggests that the long term H&S isn't complete. A confluence of indicators suggest that the return move (retest of the neckline) could reach ~12K on September 23rd. Volume should remain low until the last touch of the neckline.
See the linked charts for an explanation of this double shouldered H&S pattern.

Long Entry: 10156
Stop Loss: 9729
Target: 11979
R:R: 3.8

Short Entry:11979
Stop Loss: 12365
Target: 4121
R:R: 17.9

٥ سبتمبر ٢٠١٩

ملاحظة

Long Entry lowered:
Entry: 10007
Stop: 9779
Target: 11879
R:R: 6.3

٥ سبتمبر ٢٠١٩

تم فتح الصفقة

Short position open:
Entry: 10550
Stop: 10704
Target: 10007
R:R: 3.46

٥ سبتمبر ٢٠١٩

ملاحظة

Short position target change:
Short Entry: 10550
Stop loss:10704
Target: ---9956---

Long Entry Lowered:
Long Entry: ---9856---
Stop Loss: ---9856---
Target: 11978

٦ سبتمبر ٢٠١٩

ملاحظة

٦ سبتمبر ٢٠١٩

أغلقت الصفقة: تم الوصول لوقف الخسارة

Short stop hit, I think this was just another stop loss hunt and we will see a correction soon.
New short position opened:
Entry: 10711
Stop: 10766
Target: 9956
R:R: 11.5