JJMa

Bitcoin Inverse Head & Shoulders to 53800

Long
JJMa Updated   
BYBIT:BTCUSD   None
Measured Move to about 53800 & change, approx, not guarantees. Daily close above the "magic number 50k" should keep the normies happy. Not much technical significance of that otherwise.

Full disclosure, I have a small levered position from lower. I will be moving my stop up as we go, so even if we go higher, I might be taken out. Trying to be patient on this one.
Trade active:

Just watching moved the right shoulder down, so it is now in line with the left shoulder.
Trade active:
Hodl.

Theory, bears have had 17K of fast selling and it wasn't enough for many of them, therefore they are over-leveraged and overextended on FUD. We might go down, we might not. I think that the shock has worn off to an extent, hence we have some stability now, worth it to just keep this, with stop above entry. Again looking for a move over 51K to confirm.
Trade closed: stop reached:
Stopped out, a pittance for a profit, my fault.

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