Right ! last night i updated my idea for bitcoin before the breakout !! that was 4 hourly pattern :)
Now look on a bigger picture of this Bad boy :)
Clearly observing head&shoulder on 1D chart :)
there was huge selling during left shoulder then a small rally in lower time-frame. people sold their precious during this rally, resulting in a strong sell off making a beautiful head :p
lets talk about right shoulder : right shoulder is a bit shorter than left one reason is obviously more people are not selling only weak hands are selling while whales are buying
breakout of this head&shoulder can easily lead us to 15k area :)
Another idea is attached with this , also check that
Now look on a bigger picture of this Bad boy :)
Clearly observing head&shoulder on 1D chart :)
there was huge selling during left shoulder then a small rally in lower time-frame. people sold their precious during this rally, resulting in a strong sell off making a beautiful head :p
lets talk about right shoulder : right shoulder is a bit shorter than left one reason is obviously more people are not selling only weak hands are selling while whales are buying
breakout of this head&shoulder can easily lead us to 15k area :)
Another idea is attached with this , also check that
