Just a cheeky potential outcome everyone knows we are in a big inverse Head and shoulders pattern, with right shoulder (reversal point) at $9200. In order to get us there, and to induce a bit of fear, i see a regular head and shoulders forming on the 30 min timescale If the 30 min pattern follows through, we will see some panic which will cause some short selling down to our $9200 level
This is ultimately a good sign, as we will complete the clear inverse H+S, but it means i will be short term short until we reach $9200
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the short is going well. the 30 min H+S ended earlier than expected but now we are on our way to 9.2k
The correct thing is to wait, I do not believe in a retraction now
please check my idea
lolzz
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@CaueLacerda, we will certainly see a lot of resistance running up to 11k, if it breaks through with ease i will definitely be following your idea! at this point, a revisit to sub 10k isnt out of the picture yet ;)
Lit7leBoy
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I got the same idea. Here's mine for 4H chart
lolzz
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@Dangle, not sure if we'll go as low as 7k again! but if we do start going that low, i think we will continue further to the 5k area
please check my idea