But this is a prediction I drew in case the head and shoulders pattern forms on bitcoin right now.
As we speak it's not yet confirmed, but I highly believe it could, so keeping an eye on it.
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I insist on experimental, because my indicators are indicating Bullish movement. RSI has a lot of room to grow, MACD reversed. I want to test something here, so don't try to short yet. Wait for my signal
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I sold at 8400, set a buy around around 8200 now, for a small bounce back to 8400 ish, then I will sell at buy back around 7600
Remember boys, buy the dip, sell the fib
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They call me the prophet Patrick
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I got to be honest, that was nerve breaking seeing that cup and handle. But we have our first sign of resistance !!! we're good boys !
@qdoc, I don't know to be honest, I don't have enough data yet. It's still respecting the small uptrend channel, and the long term downtrend channel. This is where decisions become harder !
Doc-al-Citadel
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@PattyMcPat, true bro my own bias is one last big drop then moon, for a bit at least. Trade at your own risk peops.
Zebre_Trader
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@qdoc, That would be the healthy thing for bitcoin a retest. But people are fomoing atm, so that's why I'm not sure I can make that statement yet. However the head and shoulders is forming now, and price is strugging to get higher than 8800. I think the drop is near
Zebre_Trader
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@qdoc, I think you might be right ! The drop was a hell lot faster than I expected
Doc-al-Citadel
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@PattyMcPat, thanks bro. Yep 5k then moon. I'm sitting in cash waiting to buy ether myself ;-)