Inverted head and shoulder on the weekly [Premature]

Weekly does not bode well for the bulls. It will close by the end of the day. Unless BTC bounces hard before then, could get a few more weeks of blood. If thats the case, the bounce is going to paint a head, and there already is left shoulder. So As it bounces people underwater will sell and stop short the bounce, which will create the right shoulder. Then the selling stops, and buy pressure takes over and the head and shoulders completes. Sorry that was alot of text. Lets see how this goes.

Comment:

Is it turns out it bounced hard after i submitted this idea. This is why you gotta be super careful with your trades and ideas if you are basing them on candles that are not closed yet. Even if they are just about to close always assume they can flip on you :)

That being said, bitcoin is not out of the woods yet :)

Comment:

Well thats ironic. When i first posted this idea the weekly was way below the horizontal levels at $8,185, then in a matter of hours it bounces and closes just above. Next weekly keeps up the pump and even closes green. And now the weekly is below that $8,185 level again! What the hell :)