TheMonkeyMind

TheMonkeyMind

Hey everybody! Just thought I'd share this pattern I spotted. Could someone review and confirm?

TheMonkeyMind

Supplemental: A head and shoulder pattern confirmed. We will see lower prices and when BTC dumps (see second link above), nano will follow suit as well.

TheMonkeyMind

This is a classic head and shoulders pattern. It's normal for it to retrace. Let's see where it goes next. Based my trading on

TheMonkeyMind

Back to the basics. The RSI indicator is very telling on a zoomed out scale. Let's see what happens next.

TheMonkeyMind Updated 

First supporting trend line is breached. If second one breaks it's going down charlie brown. Strong resistance at 5300 preventing it to go up higher. RSI indicating oversold since 2017 bull run. Everyone is being greedy right now. My prediction is BTC will see a small correction down to 4900 for retest, if that breaks we'll see price return to 4100. Any thoughts...