Bears back in action
Updated
During the past four months going on the fifth month we've been bearish there's no doubt and if's about it. If you took advantage of getting in at the head of this head and shoulder pattern your already a step ahead of the crowd. The second setup is on this right shoulder that will be forming very soon. Overall on H4 you can see a clear head and shoulder pattern clear as day which is a bearish pattern and this will most likely lead us to a big crypto dump going into the weekend. As you can see the left shoulder and head has already been in play now it's time for the right shoulder to form which reckoning will happen causing many people to get REKT. This is because most people not everyone will buy into the hype and the euphoria kicks in causing them to think 100k will happen next. Bitcoin has while to even get to that stage. The Bears will come in driving the price down crushing the poor Bulls that bought the top. Just a bit of advice for all the traders out there its very important to take profit when your up a lot of profit no need to give the market back your profit , and using a stop loss as well will protect your capital.
Note
Currently we have a Lower high on H4 this is is indicating a bearish trend I know that market structure is very important in a bearish market we make LH (Lower highs) and LL (Lower lows). Lower highs are great entry point fyi.
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