altcoin_invest
Short

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

BTCE:BTCUSD   Bitcoin / Dollar
296 0 5
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!



(if my TA helps you pleace support my work by following me on tradingview: https://www.tradingview.com/u/altcoin_invest)
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