103 to 101K trade and reverse H&S pattern

23 Jun

Morning folks,

So, our Thu setup is done perfect, both targets are met and even more. Now we consider two different fast trades on BTC.

Now context remains bearish and 103K is rather strong 4H resistance area. So, first trade is scalp "Sell" from ~ 103K with "at least" target of 101K. In fact, choosing of 101K as a minimal target is based on the 2nd trade.

2nd trade is potential reverse H&S is sentiment on the market will start changing. But this is not the fact yet. That's why I place downside arrow here as well, if H&S will not be formed or start failing, BTC could drop lower so, downside trade might be even better.

25 Jun

Dagangan ditutup: sasaran tercapai

Done perfectly.