Benjamix

Head and Shoulders Possible (??) Double (Tripple??) Top Bounces?

Benjamix Updated   
BITSTAMP:BTCUSD   Bitcoin
Just a call ahead of time.. Putting it out there.. Could keep attempting to break resistance / support trend but double bounce is a good indication of trend reversal.. Wait for a good volume on the breakout in either case.

Good Luck !!
Comment:
Zoom in to 15 mins to see double bottom and descending triangle to be broken before testing whats looking to be tough resistance again...
Comment:
Still zoomed in to 15 mins.. the triangle is shortening..
Comment:
Break down through red, not good for a long, break up through green, not good for a short..
Comment:
Missed the huge inverse head and shoulders reversal pattern staring me in the face

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.