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Analyze Upward Bitcoin Trend Reversal Signal

Bitcoin Trade Upward Bitcoin Trend Reversal Signal

Head & Shoulders BTCUSD Pattern Reversal Signals

This is an upward bitcoin crypto currency trend reversal bitcoin crypto currency pattern which forms after an extended Bitcoin Crypto Currency upwards crypto trend. It's made up of three consecutive peaks, the left shoulder, head and the right shoulder with 2 moderate troughs between the shoulders.

This Head and shoulders reversal bitcoin strategy setup is considered complete once bitcoin price penetrates and moves below the neck-line, which is drawn by joining the two troughs in between the shoulders pattern setup.

This reversal cryptocurrency signal is confirmed once bitcoin price moves below the neckline

Summary:

  • This Head and shoulders reversal bitcoin strategy pattern setup forms after an extended move upwards
  • This reversal bitcoin strategy pattern indicates that there will be a reversal in btcusd market
  • This reversal bitcoin strategy pattern resembles head with shoulders thus its name.
  • To draw the neckline we use cryptocurrency chart bitcoin chart point 1 & bitcoin chart point 2 as shown below. We also extend this line in both directions.
  • We sell when bitcoin price breaks below the neckline: as is explained below:

Head and shoulders reversal bitcoin strategy pattern setup also can form on a sloping neck line, like the crypto example shown below:

Upward Bitcoin Crypto Currency Trend Reversal Trading Strategy - Head & shoulders BTCUSD Crypto Pattern

Upward Bitcoin Trend Reversal Signal

Upward Bitcoin Crypto Currency Trend Reversal Trading Strategy - Head & shoulders BTCUSD Crypto Pattern

This Head and shoulders reversal bitcoin strategy pattern setup also can be formed on a sloping neckline, like the one above, neckline doesn't have to be necessarily horizontal.

How Do I Read Upward Bitcoin Trend Reversal Signal

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