Inverse head and shoulders formation on the 4H chart.

2019年11月26日

Bitcoin has an inverse head and shoulders formation on the 4H chart. The depth between neckline and head is 600 dollars. Stoch RSI is oversold on the daily chart. I expect a breakout.

Here is my trading idea:

Long @ 7000 - 7100
TP1: 7350
TP2: 7700
TP3: 8000
TP4: 8500
TP5: 9000
SL: 6890