TradingV2

LONG #Bitcoin - Mother of all Inverse Head & Shoulder

Long
BITMEX:XBTUSD.P   Bitcoin
alright, so the last H&S I spotted was flopper -


"never tried, Never failed, No matter, try again, fail again, fail better" *optimistic*

I did chart it LONG back but with so many moves on Smaller Time frame I messed it up -

as I said in telegram this year gonna be focusing more & more on swing trades not letting smaller TF moves piss me off. Right now I am not in any Long Leverage Position, I am holding a Long position on Gold though!!

Anyways let's get this done -

So clearly as you can see we might be building an Inverse Head & Shoulder on weekly charts, targets are mentioned on the chart.

One more good case for this long is the breakout of the falling wedge on weekly TF -


We have broken out of Falling wedge & there should be a retest soon, which can possibly be the right shoulder.

on the monthly chart, we might be forming a bullish BAT as well now as you can see there have been many wicks on both sides as it's monthly candles but for me it's candle closes that are important



I usually don't go for fundamentals but when we have FEAR of WW3 around I am sure people are GREEDY with their Gold & Bitcoins

you can also use Leverage on Bitmex or bybit to multiply your profits but remember Leverage Trading is HIGH RISK So is Crypto trading & that's why I am legally obliged to say

#DYOR
remember I am not a financial advisor & this are all just my thoughts :)

make sure to leave a comment & if you agree then hit that thumbs up
Do not forget to check out other ideas & do share it with your friends :)

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.