BITCOIN: small inverted HEAD&SHOULDERS Pattern

in #bitcoin7 years ago

Perhaps is not the most powerful pattern we can see but, IMHO, BITCOIN has built a small inverted Head and Shoulders pattern:

A Pattern like this one is used to anticipate a change of the trending move, in this case upwards...the problem nowadays is that we are working with a very small volume as well and so we can see the row of small candles around 6260 USD which would indicate hesitation...

The only thing I can say now is that the likelihood of an uptrend move seems to be higher than a downtrend move, but what is clear is that we have to see an important long candle upwards to confirm the first. If, by the contrary, the row of small candles persists in the coming hours we would see another deep towards the 5800 USD low again...

Enjoy Cryptoland!

@toofasteddie


Be positive and Enjoy Cryptoland!

@toofasteddie


*Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently.
Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.

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han "imprimido" 250k tethers señal de que vienen los toretes!

Hi @toofasteddie. Your point of view seems to be very coherent. A change of upward trend movement is something we all bet on. Hopefully, the upward trend of which you speak, be a quick reality.

Or somebody tried very hard to draw this HS pattern. Look at the green candles that were necessary to draw the pattern. Guys are trying to manipulate the market in full power.

everything can be possible, yes

I think that this good period will not be so long. In my opinion the value of a lot of ICO will go down and will grow up at the end of the summer.

Yeah, some of them are really still overvalued...will see what happens now

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