BTC USD daily H&S in formation

It seems that BTC is forming a H&S on the daily time frame; it'll be confirmed if it continues to go down and bounces around 6370.
Wait and see...

การซื้อขายยังคงดำเนินอยู่:

This is only the beginning...

ความคิดเห็น:

Ultimate target @ 5870

ความคิดเห็น:

Now it should bounce to form the shoulder's shape

If not, it'll continue to go higher to break the pattern

ETH did hit its historical support :-D

ความคิดเห็น:

Neckline support reached

การซื้อขายยังคงดำเนินอยู่:

Next stop around 6800

ความคิดเห็น:

It didn't exceed 6600, and the shoulder won't be so large; it lack of momentum and the exhaustion should bring the dump sooner

ปิดการเทรด ด้วยตนเอง:

H&S not valid but incoming events (Mt Gox, Petro....) has still potential to trap bulls very soon, be careful!