Ummm big H&S potentially forming, that would dump us pretty darn hard.
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Here is another possibility, Small H&S forming in head of big H&S. This could drop us down to form the right shoulder of the big guy... I hope not. If so I'll be shorting again. But honestly I would like to see BTC rally to 10k (10k would be a FOMO buyer level again and we would probably hit 11k easy from there) but vol is definitely shifting to sellers side.Note
BTC is consolidating. We went from distribution to accumulation. We hit that W so hopefully she ladders up and we squeeze long.This is what I like to see.
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If we do go up I hope we don't go up to fill out the small H&S right shoulder. Let's hope we go back to .618 and stay.Note
It can't be... don't do it BTC! Well I might re-open a short position again. Really don't want to see this dip happen but I can't control BTC and also I can't be biased, all signs point DOWN.
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Upper head filling out: i63.tinypic.com/o73u6x.png
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Looks like we will not be reversing pattern. Thank god.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.