Good spot on the inverse H&S pattern, the channel is wrong though
JeremyPaulCarrollbf
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@TradingPretzel, Could you demonstrate the channel as you see it please? Thanx!
yghaderi
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@JeremyPaulCarrollbf, A contraction triangle is formed. The support line is mistaken.
JeremyPaulCarrollbf
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@yghaderi, Thanks! I understand. It's the same mistake I made. It's so easy to see read too much into what seems like an obvious pattern of movement.
yghaderi
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@JeremyPaulCarrollbf, Cryptocrine market has a lot of emotional behavior. Also, the price is easy to manipulate. For this reason, I think we have to filter some of the price movements.
JeremyPaulCarrollbf
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@yghaderi, thanks! That seemed to work out pretty much exactly as you predicted!