Luppa90

Textbook H&S, let's see if it plays out

Luppa90 Atualizado   
BINANCE:BTCUSDT   Bitcoin / TetherUS
People seem to love H&S patterns, but from what I've seen in crypto they rarely play out. I don't expect it to happen, but if the price breaks the neckline I will be watching for buy opportunities (usually after I see a good wick in the 1 or 4 hour candle).
Trade ativo:
Tight stop at 35360, set leverage at what you're willing to risk.
Trade fechado: stop atingido:
Lesson learned: the reason why so many H&S patterns were not playing out in the last few weeks/months was probably that we were in a bull market, and BTC wanted to go up no matter what.
Now that the market is scared, bearish patterns are much more likely to actually play out.
Aviso legal

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