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Analyze Upward Bitcoin Trend Reversal Signal

Bitcoin Trade Upward Bitcoin Trend Reversal Signal

Head and Shoulders BTCUSD Pattern Reversal Signals

This is an upward bitcoin trend reversal bitcoin cryptocurrency pattern which forms after an extended Bitcoin upwards crypto trend. It's made up of 3 consecutive peaks, the left shoulder, head and the right shoulder with 2 moderate troughs in between the shoulders.

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

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

Summary:

  • This Head & shoulders reversal bitcoin strategy pattern setup forms after an extended move upward
  • 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 and 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 & shoulders reversal bitcoin strategy pattern setup also can form on a sloping neck line, like the crypto example shown below:

Upward Crypto Trend Reversal Trading Strategy - Head & shoulders BTC/USD Crypto Pattern

Upward Bitcoin Trend Reversal Signal

Upward Bitcoin Trend Reversal Trading Strategy - Head & shoulders BTC/USD Crypto Pattern

This Head & 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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