BTC Rising Bear Wedge Completes New Inverse Head and Shoulders?

4 Mar 2018

Hey hey heyyyyyyyyyyy! Wasa Wasa!

So this now lightly bleeding upward pointing wedge hanging out all day.
Launchpad for elevator to hell?
Sometimes. This one has dripped out a little blood , but it looks like perhaps it would like to climb back in that wedge...
if at least very very slowly. Hurry up and wait!

But It has not actually dropped a large stone yet, yes?

Anyway... What about this Inverted Head and Shoulders?!
Can you see him?
I can't really say that the volume confirms the shoulders... but dang.
I can clearly see him!

I shall name him Phred.
Phred has a way with rising bearish wedges.
Fred shall rule.
All hail Prince Phred!
He has an extremely pointy head.
Fred wants the bulls to smile in the morning when they get out of bed.
We shall not be rekt. We shall not be dead.

Phred will save our upward trend from being lost!
(But still got my Fingees crossed)

Good luck traders! See you on the flip side!

4 Mar 2018

Catatan

Ok... so it's not really a "new" H&S, as Phreds pointy head was formed during the heavy drop off and deep bottom of early February -- and the subsequent slow retrace back up to the land of the living above 10k. ("It's aliiiiiiiiiiive!")
But his shoulder was only just recently completed... and I honestly thought this was a different smaller H&S then the Giant one I posted about 32 hours ago.
My bad.
A whole day of drawing trend lines and testing fib retracements on multiple crypto charts will do that to a guy!
I tend to zoom in on the latest portions of charts and thought that was the case here. I was all like "Wow! Another inverse H&S! I need to post this ASAP! But only after I get ridiculously artsy with it."
As I was busily enjoying rendering the full Phredness of it all... I kept expecting to see a nasty long red candle come sploojing down out of the wedge like lucifers winky, and ruin my whole hopeful bullish premise. But it didn't happen.
And it won't. Not if Phred can help it.
Time will tell, eh?
Cheers!