Scalpn-Ralph

BTC: Head and Shoulders pattern printing nicely.

COINBASE:BTCUSD   Bitcoin
*THIS IS NEITHER FINANCIAL ADVICE OR TRADING ADVICE. TECHNICAL ANALYSIS ONLY*. Well, it looks as though the short positions take a slight beating yesterday. This is not surprising however considering the price action has not budged over the last 14 days. Little bumps and dips, but nothing to give me clues as to price action. Yesterday, this bullish pump fits perfectly with what I've been thinking over the last little while. Bears aren't going to give in, but the Bulls also aren't going to buy big with the smart money until price action drops SIGNIFICANTLY lower. The head and shoulders pattern just formed the apex of the right shoulder. Let's sit back and see what happens next. (Gee I wonder?). Good luck out there!
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