NOTE: This is an inverted scale chart of btc.
1) Formation of Inverse H&S is possible.
2) from the inverted chart a bottoming pattern is forming, which means in the actual chart price is forming a top
3) i was expecting the top to form a lot quicker, but it looks like price movement is moving toward resistance and supports very slowly.
1) Formation of Inverse H&S is possible.
2) from the inverted chart a bottoming pattern is forming, which means in the actual chart price is forming a top
3) i was expecting the top to form a lot quicker, but it looks like price movement is moving toward resistance and supports very slowly.
Trade active:
I still see a giant inverted H&S. I'm not 100% sure this scenario will happen, but so far it looks like it does.
I still see a giant inverted H&S. I'm not 100% sure this scenario will happen, but so far it looks like it does.