BITSTAMP:BTCUSD   Bitcoin / Dollar
172 6 2
There is a H&S pattern on the horizon.
Trade closed: stop reached: This is all wrong... My bad, my bad.. please ignore this chart.
Order cancelled: This is all wrong.. :(
I believe H&S are better visualized on line charts, candles are useful for other types of things.
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I don't consider this a H&S - the right shoulder extends below the head, invalidating the formation.
+1 Reply
oldstout lonestar108
Yes. This is not HS. Inverse HS pattern has head lower than shoulders.
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GeorgeCass oldstout
Thanks for clarifying this... But if my chart comes true I'm kicking both your butts.. @lonestar108 and @oldstout
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lonestar108 GeorgeCass
Hey no worries George, not suggesting you should close your trade, just pointing out what I see on your chart. Happy trading!
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GeorgeCass lonestar108
My bad.. At work when I did this... sorry... Trying to delete this chart.
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