BTC RARE SCENARIO UPDATE.6 (5 H&S!)
Updated
Traders,
Here we have BTCUSD 1D chart.
Previously we had all these patterns in my last ideas for BTC here below:
we had an opportunity to watch many patterns of H&S no matters bullish or bearish, but to be honest this rare to happens at this small time range with the same necklines to create a strong level that we had right now.
This area was very hard to not be broken even though we had a million H&S that should reverse the price and make it dive deep.
In this idea I'm long as a humble vision cause these many bearish patterns must lead us to ask what does this complex head and shoulders mean?
The answer will be everything is not straightforward, particularly in the trading world, and you won’t always get a perfect copybook head and shoulders pattern. One variation that you can find is called the ‘Complex Head and Shoulders Pattern’, and this is a more complicated version which includes extra parts. The extra parts include a double head or double shoulder – basically the trend is taking longer to turn from one direction to the other. This pattern has the same forecasting ability as the normal pattern, and you can run through the same principles to see why. This is not a very common occurrence.
Regards,
Mohsen
Here we have BTCUSD 1D chart.
Previously we had all these patterns in my last ideas for BTC here below:
we had an opportunity to watch many patterns of H&S no matters bullish or bearish, but to be honest this rare to happens at this small time range with the same necklines to create a strong level that we had right now.
This area was very hard to not be broken even though we had a million H&S that should reverse the price and make it dive deep.
In this idea I'm long as a humble vision cause these many bearish patterns must lead us to ask what does this complex head and shoulders mean?
The answer will be everything is not straightforward, particularly in the trading world, and you won’t always get a perfect copybook head and shoulders pattern. One variation that you can find is called the ‘Complex Head and Shoulders Pattern’, and this is a more complicated version which includes extra parts. The extra parts include a double head or double shoulder – basically the trend is taking longer to turn from one direction to the other. This pattern has the same forecasting ability as the normal pattern, and you can run through the same principles to see why. This is not a very common occurrence.
Regards,
Mohsen
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Telegram: t.me/MO_Trading
Twitter: twitter.com/MoTradr
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