XBTUSD possibly creating an inverse Head and Shoulder pattern Short

Bitcoin / U. S. DollarKraken

Description

⋅ Jan 18, 2018 11:03 AM

Observe possible strong breaking of 12k level for entry

Comments

JoshNJ82

⋅ Jan 18, 2018 2:11 PM

Did you make a mistake putting "Short" in your title (next to inverse h & S)? Isn't that bit contradictory or am i missing something?

dejmir

⋅ Jan 18, 2018 2:13 PM

@JoshNJ82, My bad, the intention was to say that this is a short-term idea

dejmir

⋅ Jan 18, 2018 2:14 PM

@dejmir, Can't change it now

JoshNJ82

⋅ Jan 18, 2018 2:29 PM

@dejmir, It's all good. I wasn't looking to break bal\s as the whole "inverse head and shoulders" clearly states your current speculation

JoshNJ82

⋅ Jan 18, 2018 2:42 PM

@dejmir, On a side note, my chart/ analysis shares your short-term outlook. I never publish my sloppy charts so here's a screenshot.

dejmir

⋅ Jan 18, 2018 2:44 PM

@JoshNJ82, Thanks, return of the boss then, at least on a short-term ;-)

dejmir

⋅ Jan 18, 2018 2:46 PM

@dejmir, Though, watch out for the late afternoon/evening CET fire-sale by Koreans I presume. This was the pattern I observed in the last two days

JoshNJ82

⋅ Jan 18, 2018 3:08 PM

@dejmir, By now I'm starting to get used to the asian abuse. I get the Asian market news fairly quickly by way of massive red candles

JoshNJ82

⋅ Jan 18, 2018 2:47 PM

@dejmir, disregard the red box and arrow as we luckily avoided that scenario. Happy trading buddy

dejmir

⋅ Jan 18, 2018 2:50 PM

@JoshNJ82, Thanks, likewise