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Quick update of previous analysis:
So here we've got nice head and shoulders formation and we are back below 10k again - very bad sign. Lots of scam wicks again, binance unexpected maintenance, lots of FUD around.
So if we break the neckline (orange) things can get very ugly. This reversal pattern is happening during golden cross on the daily so it's twice interesting to observe. Anyway we trade what we are given, and now we've got ugly reversal pattern.
Again you can sell everything now.
You can open short after we fix below 10k again - stop above 10k.
Quick update of previous analysis:
So here we've got nice head and shoulders formation and we are back below 10k again - very bad sign. Lots of scam wicks again, binance unexpected maintenance, lots of FUD around.
So if we break the neckline (orange) things can get very ugly. This reversal pattern is happening during golden cross on the daily so it's twice interesting to observe. Anyway we trade what we are given, and now we've got ugly reversal pattern.
Again you can sell everything now.
You can open short after we fix below 10k again - stop above 10k.
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Jesus Crist, dump to 9500 in a few seconds after my post. OMG
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*Jesus Christ, typo, typing quickly to keep you updated
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Here is my previous analysis:
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