This is the only lifeline for the previously chart. Notice the black parabola. It would shoot us up hard.
This is unconfirmed. We need to be underneath the head and shoulders neckline to confirm. So don't bet on this yet.
We let one get away by 1 frikken day. American Energy Corp went up 36% today. Pissed off. So This is my revenge buying list. Anger wins!
Notice the red circles. These are countertrends. They tend to match the previous divergence. In other words, as soon as you get the same volume and price action on the other side of a triangle or channel, the trend ends. Scratch your head on this one.
So just take the corona virus count chart and flip it to see this...
This is not a prophesy. There's always a chance that a dead rotting corpse will stand right back up and kick your ass. But historically, bitcoin has been bearish when a head and shoulders occurs under long term trend lines upon retest.
Don't hate facts. Hate your feelings about the facts.
For back to school savings the entire family can enjoy, short the fuck out of this today.
Between the long weekend where retail can buy in and the bearish rising price action, This is a 2017 decemberesque set up. Invalidated if this latest rising wedge breaks north and continues up.
SEE ANSWER. ITS ON THE CHART.
We are consolidating above resistance turned support! How awesome is that?!?! Bitcoin will give me girlfriends and cure SARS!
Let's see if TA works against the money making madness of the of the US FED.
Hola chicos. We are cookado. Like fritado. Como has estado? El bull run is acabado.
or ENGAGE!
That would complete a bearish harmonic cypher called a perfect gartley
Potential inverse head and shoulders is currently in the invalidation zone. It's also leaning upwards in slope. These dont work out well. But going down sure does.
We were awaiting parabolic continuation confirmation and it didn't come within our technical window. In other words, we're done here. Convert to bear flag and let the carnage begin.