Bitcoin Forming Inverse H&S

1 Apr 2018

Trade Responsibly.

1 Apr 2018

Trade aktif

Long position order placed at $6275.

1 Apr 2018

Trade aktif

Order revised to $6075

1 Apr 2018

Catatan

Trade revised and long position open at $6900, we've already completed the tip of the head. Here's a revised projection:

1 Apr 2018

Catatan

2 Apr 2018

Catatan

I wanted to highlight 2 developments. 1st the InvH&S pattern might slant downwards and we might have just reached the neckline. 2nd the InvHS might slant upwards and we might be flirting with $7800 on the upside. Two early to tell if either scenario will come about. What I think is definitely a reality though, is that the right shoulder is going to be extremely small when compared to the left. I base this on miniature versions of the same pattern forming across shorter timeframes, fractals.

2 Apr 2018

Catatan

I'm going to get murdered for even saying this, but if you look at the minute scale right now, you can see which of the 3 options for the neckline, straight, slant up, slant down, we're about to get.

2 Apr 2018

Catatan

Hey guys, remember how I told you that the right shoulder was going to be really small? Well, it's about to complete.

2 Apr 2018

Catatan

We're slanting downwards obviously. Ethereum is doing the same thing just at a much steeper angle. Steeper angle typically means a steeper incline up.

2 Apr 2018

Catatan

So really, this was a cup and handle, not a head and shoulders but I'm going to say that's semantics, because most CH formations tend to have a small leading handle, so you could view most InvHS to be a CH. If you really wanted to get detailed, the best distinction would be the shape of the head. If the head is pointy, and there is no leading handle, you want to avoid it because you're probably about the finish the top of either shoulder in a bigger HS formation.

2 Apr 2018

Catatan

I'm going to close this post since we're probably not making it over to the right shoulder, I could always be wrong. Follow me on the 'The Third Dive's the Charm' post for updates on what's turning out to be the start of a multi-day bull run.

3 Apr 2018

Catatan