Looking at the four hour ( 4HR ) on Bitcoin (BTCUSD). Its a tad sloppy, not the most perfect H&S pattern we have seen, but i do see potential in this playing out and taking us further down. Also, we haven't been able to get past the fib i have highlighted in my last charts. I am short. And as long as don't move past the key resistance area... Well, then I think I...
My view on why it took so long to dump. Market manipulation by Bitfinex, halting the collapse of BTC because of massive short positions on their exchange. Once the bears were tired of waiting and the market went long again the collapse began. Agree or disagree?
