Going long dispite the short term H&S pattern

3 feb 2018

Starting to scale in under 890 with a stop just below 850. There is a short term head and shoulders pattern to be aware of. If the pattern completes it has the potential to reach 750 on the measured move. I wont be as interested in a trade if the current higher low doesn't hold as support. Targets I'm looking at are the current high of this run of 970.0 , then the 1000 psychological number, and the next high up at 1030. Bulls seem to have some momentum lets see if we can get the next leg higher. We need BTCUSD to continue as well.