FutureAmericanExpat

Bitcoin: Head and Shoulders, ticket out

Long
COINBASE:BTCUSD   Bitcoin / U.S. Dollar
This could be our ticket back to long Bitcoin positions.
(Meaning that this could be our ticket back to holding virtually any cryptocurrency and having it again be lucrative in a long position).
BTC has once again proven the time-tested adage that when Big B wants to move, the rest of the market like-it or not, is going to be moving with it. --This goes for everything except Monero and some other privacy coins. Which makes me incredibly happy, but that's a topic for another post.

Good luck and Godspeed everyone. 🫡

♠️🤫🐿
Comment: Too late now to edit the idea's title and info, however this is technically an INVERSE head and shoulders which is almost always indicative of positive upward momentum taking place in the near future.

Head and Shoulder formations are, just as in real life, there are "good" looking people, peeps that have the posture and aced lapels of a clean and congruent Abercrombie model. Other individuals are what I'd refer to as "unique". They got lop sided shoulders and busted-ass heads... however formation is still formation.

It's always, "What does the chart look like?" that you want to ask yourself first. Cryptocurrency trading is incredibly VISUAL. Much like FOREX, markets swing wildly all the time, there isn't much time (relatively speaking) to be pulling out the financial calculator to input Fib functions if you get what I'm saying.

You, and everyone else, is working on the fly mostly visually. If you think it looks like a head and shoulders, or you think you got some parallel channels, or the elliot wave count; don't doubt yourself. Don't be too critical on your judgements and findings. Chances are that if you are seeing a chart pattern, even very speculatively, know there are very well a few dozen others thinking the same that will be trading on YOUR SIDE.

Let's see if we can have a swell week, ladies and gentleman.

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