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Levitikon
Feb 25, 2018 3:43 PM

A massive H&S pattern forming on the ETH daily chart? Part 2 

Ethereum / DollarBitfinex

Description

This is a follow up to my earlier chart about the massive H&S pattern on the ETH Daily, but this includes a smaller 4-hour H&S pattern, for which it's target would complete the right shoulder of the larger pattern. Traders beware.

Comments
Sherem
Bro, that's a bogus TA. I mean... you have ETH going down to -300.
Levitikon
@Sherem, I know, that's pretty crappy. But the thing is, I'm not inventing anything new here. Look it up, the Head and Shoulders pattern is a well established charting pattern in finance.

I don't know what a target of -$300 means, but I'm certainly not going to be long any time soon if the patterns complete their shoulders.
Doc-al-Citadel
oh sheet...
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