I don't believe so, it broke the trend line on September 22nd and could have gone lower, but instead it created a double bottom after finding substantial support. As a result, the head and shoulders pattern is no longer relevant and playing according to that is simply foolish
@thekidtrader11, I oddly agree with both.. I was feeling short and saw this double bottom but, I think it might be a temp fake out (short squeeze) Marco shows more downside. Come Monday looks like rising wedge about to break but will it build support after that or keep falling..? I see many conflicting trends and curious to see if anyone has updated their view on their charts recently. Anyoen else feel things are artificiality propped up until the Nov FED meeting?
@imbullisch, dude....thats not chart analysis, thats FTX fraud lol. So your analysis could be a bitcoin and all the crypto analysis xD Otherwise do again a analysis for coinbase.... Without the FTX scam we would not have a sell off in bitcoin and therefore no loss in coinbase