BTC: H&S forming - is it too obvious?
Updated
Despite the H&S forming and Rising Wedge, what I've learnt with Bitcoin is: if the Pattern seems too obvious & everyone's talking about it.... then BTC often goes the opposite way (just to faaark everyone off).
I don't know whether this is due to Whales manipulating, or contrarians, etc.
Even though Traditional TA says we should fall to circa $6400, get ready to go Long at the first sight of serious Bull action.
Good luck out there friend
I don't know whether this is due to Whales manipulating, or contrarians, etc.
Even though Traditional TA says we should fall to circa $6400, get ready to go Long at the first sight of serious Bull action.
Good luck out there friend
Note
I knew it. Just before BTC was getting ready to form a H&S...we get a $500 move upwards. I'm not one to scream manipulation by Whale etc, but...geez..makes you wonder. They often wait until order books are thinnest on the weekends.
H&S isn't invalidated yet, but seems unlikely. Whales and whom ever else seem determined to keep the overall uptrend of late.
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