what do you think? im still very bearish about the market. i strongly believe this break down would happen. but im not experienced enough to confidently call it. it would be nice if you share your opinion on this matter. Thank you in advance.
These head and shoulders, cup and handles are all forms of smart people taking your money. They don't form until they are formed. Calling them ahead of time will make you lose money.
amir.shahrivar.054
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@sch5811, you are probably right. no one should trade based on these patterns found in charts. they are so easy to manipulate and someone with enough money can draw my charts for me. i get it all.
but don't worry, i don't trade based on these patterns. i'm just testing if they work or not. i'm just curious. you say they don't, and i say this simple 1st gradish analisys don't work for seriuos trading. but believe it or not this is way better than trading the news and blind trading.
and besides all of these, i love to watch the charts and i'm here to learn the basics about them. no way i bet much money on these patterns. i if you are talking about the few satoshis i trade for fun, don't worry, the smart people can keep them. it's their prize for being smart.
WealthHustler
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How about now? please update
Adamnary
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I agree that ETH will fall much lower
Nice chart btw
amir.shahrivar.054
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@Adamnry, nice to see you have the same opinion. and thank you for your comment my friend.
@amir.shahrivar.054, thanks for update. I hope for little downside to 170 levels to mark it double bottom for healthy uptrend.
amir.shahrivar.054
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@WealthHustler, actually i'm hoping for the same thing to happen. but i'm afraid our desired double bottom will happen around the time that US SEC postpones the Bitcoin ETF proposals again. people poured too much hope in ETFs and think it would save the market. imagine the headlines if they postpone it again. there will be a bloodbath. im thinking maybe this is the reason some call for a double-digit ETH.