So in this image, I hope that you can see the obvious. We have a wide range that we could potentially be trading from top to bottom until one side breaks. My idea right now is that we still haven't taken out the range low, which would also take out some of the liquidity wicks. I've also added the downtrending range to keep in mind and backup my thoughts that this...
This head and shoulders pattern could be just pure speculation at this point. In fact, let me reword that.. this IS speculation based on the fact that I missed the lows and psychologically, I'm really hoping this comes back to shore so I can get back on the boat with everyone else.
I do however do my technical analysis in advance and set alerts at levels like you...
The Inverse Head and Shoulders pattern is one of them that when it works, it's so good! Really, it's just a push against resistance or support isn't it but somehow we continue to make these patterns. I suppose if you were a whale.. this is where you'd catch the most fish.
IDEA
Keep that title in mind, this is just an idea but for those of you that haven't...
NOPIUM
I wanted to share a bearish thought that I think has merit whilst we are all talking about the new bull run to BTC at $250,000 by next week idea.
The Blue lines - FIB TIME
Purple lines - 3 Drives Pattern
I'm hoping the rest is clear enough.
FIB Time has been something I have used, ignored and then regretted before. Whilst nothing is a...
