ethmike

Bitcoin: Head and Shoulder short setup

Short
ethmike Updated   
BINANCE:BTCUSD   Bitcoin
Fit the 3 peaks and the domed house pattern.

This head and shoulder is the domed house.

Stop Lost: $70K
Trade active:
I'm slowly scaling in positiions at prices above the neck trend line.
Trade active:
Trade is still very active.

Broke the Trend LIne downward yesterday.

A retrest of the trendline would be a gift to add to shorts.
Trade active:
The FOMC pump gave a great oppurtinty to scale into Bitcoin shorts above the neckline.

I'm still bearish as I believe the crypto market top. Yes, end of market cycle shit.

If you want to short with size i'll go with shitcoins like JASMY or SOL.
Comment:
Scale in SHORTs here. Stop Loss: New ATH at 74K.

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