Rexcell
Long

BTCUSD - a Permabull's Vision?

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar

...smells like a trap
why is there a random H&S in the middle of random price action?
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Rexcell CaptainQuickWit
@CaptainQuickWit, you mistaken sir. There is no H&S?

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@Rexcell, random price action holds no patterns.
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Rexcell CaptainQuickWit
@CaptainQuickWit, i still have no idea what you're talking about. nothing random here sir.
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Rexcell CaptainQuickWit
@CaptainQuickWit, IF you're talking about the INVERTED H&S, it's not random. 3875 is res line. If we break up from this falling wedge/wolfe wave that's where we will pull back. I'm anticipating that as the neckline. Pull back to left shoulder height which also will be approx the old resistance of the falling wedge - anticipating old res becoming new support.

As I said. Nothing random at all. BUT this is a bull's vision/scenario and only IF we break up from the falling wedge. Note also the wyckoff accumulation and spring.... anyway if you can't read not my fault. Good luck.
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@Rexcell, yes i am talking about the inverted H&S. You can't find patterns when price action is totally random, sounds like you fell victim to confirmation bias.
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Rexcell CaptainQuickWit
@CaptainQuickWit, oh you're banned bro....
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