H&S on horizon Long

Bitcoin / U.S. dollarBitstamp

Description

⋅ Feb 24, 2016 3:48 PM

There is a H&S pattern on the horizon.

⋅ Feb 24, 2016 7:43 PM

This is all wrong... My bad, my bad.. please ignore this chart.

⋅ Feb 24, 2016 7:47 PM

This is all wrong.. :(

Comments

lonestar108

⋅ Feb 24, 2016 5:48 PM

I don't consider this a H&S - the right shoulder extends below the head, invalidating the formation.

oldstout

⋅ Feb 24, 2016 6:55 PM

Yes. This is not HS. Inverse HS pattern has head lower than shoulders.

GeorgeCass

⋅ Feb 24, 2016 7:57 PM

Thanks for clarifying this... But if my chart comes true I'm kicking both your butts.. @lonestar108 and @oldstout

lonestar108

⋅ Feb 24, 2016 9:47 PM

Hey no worries George, not suggesting you should close your trade, just pointing out what I see on your chart. Happy trading!

GeorgeCass

⋅ Feb 24, 2016 7:41 PM

My bad.. At work when I did this... sorry... Trying to delete this chart.

purpurato59

⋅ Feb 24, 2016 8:21 PM

I believe H&S are better visualized on line charts, candles are useful for other types of things.