You are viewing a single comment's thread from:

RE: Bitcoin (BTC) Morning Update: Price is Still Above the Support

in #bitcoin7 years ago

Always entertaining and informative. I do have a couple of critical questions to help in my understanding. First, I have always understood that a head and shoulders pattern is a bearish sign showing a short-term top but you seem to suggest that BTC, while entering this pattern could break out. Am I misunderstanding your assertions? Are you simply pointing out the formation of a possible head and shoulders which would be short term bearish? Please explain. Also on a more general note I am curious to know if and how you personally apply your expertise in charting to your own benefits? Are you making trades based on your work and, would you be willing to share your buy and sell timing as a further legitimization of your work?

Sort:  

an inverted head & shoulders is bullish