We dropped 45% in about 2-3 days from 19.8k to 10.5... rapid growth met with rapid decline, that is the beauty of BTC's volatility and is why we are all getting rich :). As with Head and shoulders, there is about 3 HS patterns within this big HS, and none of which have the volume to prove this indicator. I see many, many analysts on tradingview with the 8k gloomsday but I don't think that will ever happen. Happy New Year!
As it is a game of probabilities I'm confident that we will not see this pathway. If volume would approve it I would take it as my secondary count. Just a feedback that you might want to consider for future analyses
Ah yes - the whole world looks at a massive H&S, and even after an almost 50% retracement, many decide to go short and then sit there perplexed as their sure thing turns sour. A rising price eventually drives them to cover. Watch the squeeze!
thanks for the analysis - love haejin just like to see bear side too
Think we will see. Do not think people understand how fast and how much in% we have gone up for a short while
We dropped 45% in about 2-3 days from 19.8k to 10.5... rapid growth met with rapid decline, that is the beauty of BTC's volatility and is why we are all getting rich :). As with Head and shoulders, there is about 3 HS patterns within this big HS, and none of which have the volume to prove this indicator. I see many, many analysts on tradingview with the 8k gloomsday but I don't think that will ever happen. Happy New Year!
volume doesn't approve your count
let's see what's going to happen
As it is a game of probabilities I'm confident that we will not see this pathway. If volume would approve it I would take it as my secondary count. Just a feedback that you might want to consider for future analyses
You can be confident only that you will die.
Ah yes - the whole world looks at a massive H&S, and even after an almost 50% retracement, many decide to go short and then sit there perplexed as their sure thing turns sour. A rising price eventually drives them to cover. Watch the squeeze!
There goes the short term downtrend line, but I'd expect the price the rise faster when the next downtrend line is broken at around $15K.