crypto_emu
Long

BTC lower time frames following LINK fractal?

BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
So I messed up a LINK trade a couple of months ago due to over-reliance on chart patterns. Since BTC might also be printing a H&S-type thing into bullish continuation I decided to see if it follows the fractal . Taken from the LINK 12H chart, here overlaid on BTC 30min. Going long here as I think we'll see a bearish retest of 3500 at the very least.
Ok so this followed the *first part* of Mr. Squishy (see my other comment). The trade got stopped out and is now back to the middle of the range, but I have a potential new chart setup hypothesis to investigate - if an H&S reclaims the neckline, one might assume price will trade above the head by the same height as the head.

As for BTC here, we might be forming a bear flag, be careful.
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Could also play out like this slightly more squished version...
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