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BloodSweatBeers
Aug 27, 2019 7:53 PM

Tough to see the H&S pattern... 

Bitcoin / U.S. dollarBitstamp

Description

Here is why I think the H&S probably wont play out...

1. Up-sloping neckline weakens the bearish posture.
2. Some degree of imagination is needed to see the pattern.
3. Volume signature is off.
4. 4200 target would be a 70% retrace... If we got that low it would be be bought up by bots and trigger many orders.

Just my opinion, but thanks for sharing.
-BSB out
Comments
Tbjbu2
no
BloodSweatBeers
@Tbjbu2, why?
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