You are viewing a single comment's thread from:
RE: Bitcoin (BTC) Morning Update: A Bounce Expected
There's a potential we're still on 'A' but it's more likely that we're finishing 'C'. The H&S pattern broke neck line and has dipped about equal length to the top of the head (pattern completion confirmation).
you are right. a triangle can also be the B wave of a correction. But Haejin's leading diagonal for BTC says a diffrent story. H&S even if it's complete has allready changed the trend. So we need something to change the trend now back to bullish.
also :
Since ICO's took off at the end of 2017 and crypto has gone mainstream perhaps we're in a slightly different boat this go round.