Two Possible Inverse H&S Options on BTCUSD?
BTCUSD has had a good run up over the last couple of days, but I think it's time for a breather.
I've outlined two different inverse head and shoulder options I think could play out over the next couple of days. I've labeled both corresponding shoulders, also aligning with the fib levels roughly around 985 and 950.
This coupled with ETHUSD looking to make its next move higher (money flows out of BTC into ETH), makes me think we'll see some short term lower prices in BTCUSD before it's next leg higher.
Good trading,
Jared
I've outlined two different inverse head and shoulder options I think could play out over the next couple of days. I've labeled both corresponding shoulders, also aligning with the fib levels roughly around 985 and 950.
This coupled with ETHUSD looking to make its next move higher (money flows out of BTC into ETH), makes me think we'll see some short term lower prices in BTCUSD before it's next leg higher.
Good trading,
Jared
Use the link below to obtain access to this indicator by Simpler Trading:
simplertrading.com.
You may also email support@simplertrading.com.
simplertrading.com.
You may also email support@simplertrading.com.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Use the link below to obtain access to this indicator by Simpler Trading:
simplertrading.com.
You may also email support@simplertrading.com.
simplertrading.com.
You may also email support@simplertrading.com.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.