GolfPapa79

BTCUSD : H4 reversal pattern on 50% fibonacci level

Long
COINBASE:BTCUSD   Bitcoin
Trying a long position on BTCUSD with this confluence of elements, but only with half of my usual risk, as it could retrace more.
We have a :
- H4 RSI divergence
- inverted shoulder/head/shoulder validated by breakout of weekly pivot and currently retesting it
- it happens on 50% fibonacci retracement of big previous uptrend

H4 chart :

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.