The Head and Shoulder Pattern of the 1999 Apple crash. LH > HH > LH, forming the left shoulder, the head and the right shoulder. Volume decreases during the progression of this pattern. The neckline supports the three bull trends. Downward breakthrough occurs at the end of the neckline with moderate volume.
I predict SOL is going to crash hard for the following reasons. 1. Head & Shoulder Shampoo pattern. 2. No resistance from accumulated volume. It's going to be a free fall. 3. Rumors that the SOL network crash for four hours due to "resource exhaustion". This implies the SOL network does not have the necessary infrastructure to keep it up. In the long run, I see...
I predict a strong bullish trend for the following reasons. 1. Bears failed to push BTC below the resistance line, and accumulated volume only increases downwards. 2. Trade volume from bears don't seem impressive. 3. Koreans are starting to wake up. No crypto futures is not available in the Korea, the only way is up.
The uptrend seems to be rising in angle. What could this mean?
I'd go for long at 47.5k(green line) with a fake breakout in mind. I'd go for short if it begins to fall beneath the red resistance zone. I'm a noob so take this with a grain of salt.
SOLUSDT continues to downtrend. Made the mistake of FOMO on a temporary rise. Re-entry at 169.782
A breakthrough of the uptrend through the downtrend. Accumulated volume is thin, expecting an uptrend cascade. Possible double bottom? I'm a noob so take this with a grain of salt.
Bitcoin will stay in the contraction zone where high amounts of volume have accumulated recently.
Suspected H&S Shampoo. 169.251. Late Entry. I'm a newbie, so don't take this seriously.