veryevilone

Head & Shoulders, Bearflag, RIP

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
My apologies for the bad title but i just wanted to share this idea quickly :) The chart is pretty self explanatory. bearflag on the daily, one last push to $10k, paint the right shoulder, break down, and complete the bearflag. RIP bitcoin :)
Mar 13
Comment: We might not even see a complete right shoulder before it breaks down, meaning not even gonna test $10k. Here is how another HS completed: Note that the right shoulder barely managed to form before people got the fuck out of dodge.
Mar 14
Comment: Got that early breakdown, now im thinking we might get a fast bounce and an actual attempt at $10k. But lets see.
Mar 19
Comment: Bitcoin is trying to establish wether $8k is support or not. I suspect this will go on for a few days. If indeed it is support, there is an emerging Pitchfork which will be interesting to keep an eye on.
BitMEX provides 100x leverage and is in tremendous growth. They are a great way to profit off of bitcoins volatility. Make sure to get an account and try them out. https://www.bitmex.com/register/iP7sMI
great observation on the unpainted shoulder
Reply
BULLISHT...........??
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out