Long

Bitcoin HS Pattern Emerging? My very first TA ever.

Updated

Honestly, I have 0 experience making any type of TA before this one. This is my first attempt. Probably a horrible attempt, but hey!.. I tried..

I think i see a Head and Shoulders Pattern emerging..? Not sure if I am using these tools correctly, but... I love shapes and as i was playing with these tools on the site, i made this.. It seems logical to me... but like I said i have 0 understanding of TA's and the tools used to create them.

My only experience related to TA's is my knowledge of statistical analyses, multiple regression models and observing others TA's.

I started experimenting, after seeing other people look for a head and shoulders patterns, and i came up with this..

Let me know what you think. I can take criticism. This is all brand new to me, but always willing to learn..

Do not take my chart to seriously now.. I really do not have any idea what i am doing.

Thanks peeps,
Glitch

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So far so good?.. It is still following my shape outlines..

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Well, if my chart is at all in any way accurate.. we need to stay in the green path for my prediction to not fail miserably.

Probably going to fail miserably, but if we someone pop back up into that green path.. maybe a slight angle adjustment and we are still on track..

FYI, I don't know what i am talking about but it never hurts to guess..

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Can someone help me understand something?..

I switched my chart into Log Scale, and my green and purple paths shifted, so now if this was hypothetically correct, (which it probably is not even close)..

The current dip is still within my projected paths, unlike the update posted above that shows it dropping into the purple....

What is the significance of a Log scale vs the default? .. any times of interest you would use it preferred?

Thanks anyone willing to answer,
Glitch420

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Looks like we are on a one way flight back into the green zone of the non-Log scale.

Lmfao.. I will eat a sock if it follows the entire black inverse HS pattern I made. :)

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II predict we get into the green zone, and take stay within route C.

My opinion is that we will stay dangerously bouncing in the green zone.

I have no idea what i am talking about, but I am going to pretend like I do.

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shhhhhhhhhh...... ;)

Glitch420

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