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tdvuser177
Oct 24, 2017 10:18 AM

H&S prediction 5k area Short

Bitcoin / DollarBitfinex

Description

Potential H&S with target support characteristics
- Neckline support confirmation on the previous rising wedge resistance
- Second shoulder topping on the current run's fib 78% (equaling the shown 23% of the red reverse fibonacci)
- key target on the convergence of the macro bull run from 3000's 50% trace / major macro from 1800's 61% trace / plus previous 4600 strong resistance

Trade closed: stop reached

Comments
tdvuser177
Author's update:
Pattern partly invalidated on Oct. 29th 2017 with significant upthrust
Pattern invalidated by Oct. 31st 2017 macro channel bullish up breakout confirmation

Follow up, see next:
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