altcoin_invest
Short

H&S formation in a middle-term uptrend and a longterm downtrend

BTCE:BTCUSD   Bitcoin / Dollar
This TA ist just a next confirmation (indicator) for the comming downtrend. If I'll seperate this chart from the others it won't show clear signals. It just show that a H&S formations seems to be very possible. That means this chart tells, that I'll have to watch the market for some minutes more and react on what will happen. If the H&S formations is clear, this chart shows short.

But what we need is to watch the hole picture. ....more infos are comming

Update:
Like I said befor, we're in a middle-term uptrend and a long-term downtrend channel . In both we hit yesterday nearly at the same time their meridian and crashed. Why this happend yesterday I just explained some minutes befor it actually happend on reddit. There you'll find an extract of my TA explaining why we're crashing into a next meridian in while staying in the middle-term uptrend channel . http://www.reddit.com/r/BitcoinMarkets/comments/279172/read_the_sell_signals/

But this is still not the hole picture. Have a look to this chart I draw some hours ago. It should be selfexplained:
Hit the meridian of a long downtrend channel, for a crash (btc)


If you have any questions feel free to ask.
Tipps and improvements are also very welcome.

Happy trading!



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