On the Bitcoin daily chart, we can see that the instrument is deep into the unconfirmed yet H&S formation. This formation will be confirmed by a break below the 13000 level. The daily close below this level would call for a fall into the 8000-9000 zone.
Note: look for a trades below the key 13000 level and look for the long trade entries in the 8000-9000 zone in the case of a break below 13000
Two seats left! Join now!
Happy trading! (click on the chart to enlarge it)
Through time we have developed a very respectable trading strategy which defines Entry, Stop Loss and Take Profit levels with high accuracy and allows you to make position Risk Free. If you want to learn all about it and become a professional Trader, sign up now we are accepting Bitcoins!