BTCUSD, D, Log chart
Head and Shoulder Pattern
1.Height of Head from neck line : copy it
2.Bring it to neck line of Rt. shoulder
3.Jan. 11th 2017 - Feb. 5th 2018 : Fibo retracement(0.786 retrace)
4. Horizontal support at 1850.
5. Pitchfork of current downtrend : 6.786(skyblue line)
6. Volume : decreased by time
IT THIS POSSIBLE?
COINCIDENCE?
What the HECK are they doing?
Head and Shoulder Pattern
1.Height of Head from neck line : copy it
2.Bring it to neck line of Rt. shoulder
3.Jan. 11th 2017 - Feb. 5th 2018 : Fibo retracement(0.786 retrace)
4. Horizontal support at 1850.
5. Pitchfork of current downtrend : 6.786(skyblue line)
6. Volume : decreased by time
IT THIS POSSIBLE?
COINCIDENCE?
What the HECK are they doing?
Comment:
Have a look at related ideas
1. Pink line
2. I didn't touch the length of the line. I just "move" the line.
2-1. It just grow longer automatically(because this is log chart)
3. The BTC rally had started from Jan. 2017
3-1. The lowest price of this downtrend channel so far is 5920
4. It is a strong support line
5. I don't know what this is mean but it matches!
6. The volume of H&S pattern decrease by time