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BTCUSD HnS with correct target calculation (By Mr. Advisor)

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Bitcoin (BITFINEX:BTCUSD)  
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BITFINEX:BTCUSD   Bitcoin
Chart Patterns Head and Shoulders BTCUSD
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chartpattern headandshoulders btcusd
Hey guys, my friend (aka Mr. Advisor) found this HnS (as I'm sure many others have done as well). However, I see merit in posting this is as it shows the correct target calculation, which takes into account the trending nature of the neckline.
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This graph is pretty good to follow to see additional possible bounces up on the way to the HnS target. Particularly, it is much safer to close short at 3970s due to 0.5 Fibonacci from the recent 4900-2980s drop being there, thus a big possibility of having a nice bounce up there.

BTCUSD - Fate Trendlines, The Wedge and Elliot Waves (ft. RSI)

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BTCUSD - Fate Trendlines, The Wedge and Elliot Waves (ft. RSI)
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