MichaelWang66

Possible Inverse Head & Soulder

Long
MichaelWang66 Updated   
COINBASE:BTCUSD   Bitcoin
I think trades are watching this pattern playing out.

A conservative strategy to play this trade is:
Entry: 4H close above 9536
Stop: False break out, e.g. 4H close below 9450.
Target: 10190
Trade active:
Takes longer to escape price range under 9,500.
Enter long position with wide stop lose around 9,360.
Once it climb higher, will rise stop lose to recent low (slightly under 9,500).
Trade closed manually:
Took profit around 9650, I've been trained by this market to take profit while I still can.
Now BTC back to prev range, trade closed.

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