jdm1714

Head and shoulders forming?

Short
BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
95 views
4
There's a long resistance line that price has failed to break. I suspect that it will not break through this time either as Stoch RSI and MACD will be timed perfectly for another drop.

Comments

FFS, people, why don't you get it? A H&S is a REVERSAL pattern, not a continuation pattern! You don't draw a bearish h&s if it's after a downtrend!
Reply
jdm1714 MoonTrader
Correct. That is why I have my prediction stopping at roughly 300. That is the next major support line beyond 315. I was just stating that it resembles a H&S.
Reply
MoonTrader jdm1714
Ok, but it's pointing the wrong direction.
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out