head & shoulders pattern is invalid in a bullmarket when we are in the euphoria phase.
Most of the time this does not work out & mislead traders.
50K is next ! a psychological level + the 1.618 fib extension.
The last pump was totally artificial. Don’t get in if you don’t wanna get burnt.
It always happens the same. Huge volume coming from nowhere and price goes up so hard. You get in and price starts to go down. Exchanges do it when they need to increase the amount of buys and sells in order to receive their fees.
As you can see in this 5 min. chart, there...