MuTu94
Short

Houston we have a Problem...BTC Short after H&S Formation

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
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Clear H&S Formation for Bitcoin ... I'm not happy to say that but it can drop below 10k...probably around 8-9k. Just sell at the right shoulder for tether and wait what's going to happen next.

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Comment: Probably 16,5k is my max for the right shoulder.
Comment: Bulltrap or new ATH ahead trough an ascending Triangle..? Let's see..
Comment: As always: This is a hint how BTC could perform.
Comment: In a few moments it will decide: Look at this nice charting of @goldbug1 :
Comment: Next BTC Support at 13,3k, afterwards 12k.. You can put your Stop-Loss at ~13100$ if you want to
Comment: Trade is still open, market still doesn't know whether bull or bear.. let's wait
Question... Doesn't volume have to form head & shoulder as well as candles to confirm?
+1 Reply
LinKx wsodamer
@wsodamer, not sure either but at the moment BTC is well following the pattern ... surprisingly
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MuTu94 LinKx
@LinKx, For this i looked up the RSI, sorry i didnt't put it in this Chart... RSI has a downtrend troughout the H&S Formation
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I guess the bearish one in play now
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Thanks for the chart
+1 Reply
How about the ascending bearish triangle on the hourly chart?
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MuTu94 retiringsoon1
@retiringsoon1, Bull Trap
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@MuTu94, i think so too but will take some patience to see
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MuTu94 retiringsoon1
@retiringsoon1, Right now i would say 50:50 Bulltrap or new ATH...Can't say it 100% clearly :/ can be both right now!
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YepMario MuTu94
@MuTu94, bull what>>>>>
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