ZDRuX

BTC need a break before going higher

Long
ZDRuX Updated   
BITSTAMP:BTCUSD   Bitcoin
I see some people trying to buy up this recent drop after Brexit. I've seen charts showing there is an inverted H&S on the 60 min... guys, this is why retail traders lose money. This is nothing but a continuation of the drop. It's a dead-cat-bounce, the move down is NOT YET COMPLETE. It doesn't even have anything close to a double bottom or a reverse head and shoulders.
Comment:
Sorry, first markup on chart should say "BUY THIS IF YOU DON'T LIKE MONEY" :)
Comment:
Wow, ignore last update.. it was correct all along. I must need some rest.
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.