DrDovetail

Why I still believe the Total2 chart h&s will be a fakeout

CRYPTOCAP:TOTAL2   Crypto Total Market Cap Excluding BTC, $
Look at the measured move drop target for the total2 1day chart head and shoulders pattern....no way is the entire alt market going down anywhere close to that far...that would involve all alt coins even top ones like ethereum, xrp, ltc, and bch going below zero. Of course h&s don have to hit 100% of their measured move target especially during a bull market but I think odds sill favor a fakeout...neutral for now though as we may see some more downside first.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.