The smaller H&S pattern did originally start to break down as I expected but the bulls were hiding on the 4h and now we are still inside of this larger H&S pattern that I have outlined with a target of about 41% . The LTF on most crypto currencies look weak here especially with the 4h chart still showing another push to BTCD. We have SL in place on all trade ideas I shared here and with my group. Let's see if the initial push off the 4h BTCD chart caused most of the damage as I suspect.
1 thing to note is the daily charts have bottomed so I feel that it is very likely bottoms are in on most of the coins.
1 thing to note is the daily charts have bottomed so I feel that it is very likely bottoms are in on most of the coins.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.