HUOBI:BTCCNY   Bitcoin / Chinese Yuan
Although weekly shows a possible inverted H+S             forming, the Daily appears to show pretty clear H+S             .

Edit: This is not a reversal pattern as that occurs with an H+S             develops in a bullish trend , this occurred in a bear trend. Thanks for the reminder @MoonTrader.
I keep telling people H&S don't work like that. In order to be a valid bearish h&s, the trend before that has to be bullish. You can't put a bearish h&s right after a bear trend. H&s is a reversal pattern, not a continuation pattern.
IAmSatoshi MoonTrader
I agree with you 100%, nevertheless the pattern is there. Not saying to trade based upon this, but you cannot deny the patterns existence.
MoonTrader IAmSatoshi
It doesn't mean anything. It's useless.
Qiuness MoonTrader
Moon Trader, how is it looking now? :)) Great job Satoshi!
+1 Reply
MoonTrader Qiuness
Still doesn't mean anything. It's just a coincidence.
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