Possible head and shoulders playing out.
We have the initial uptrend, an increase in volume to form the left shoulder, another smaller volume spike for the 2nd left shoulder, then another big volume increase as the head forms, then decreasing volume as the right shoulders form.
A break of the green necklines with an increase of volume would confirm the reversal pattern. If this does play out it would be very strange considering it just got listed on Coinbase and BTC has been showing some signs of bullish short term movement. Does Ox know something that we don't know?
#andthewindcriedcapitulation
We have the initial uptrend, an increase in volume to form the left shoulder, another smaller volume spike for the 2nd left shoulder, then another big volume increase as the head forms, then decreasing volume as the right shoulders form.
A break of the green necklines with an increase of volume would confirm the reversal pattern. If this does play out it would be very strange considering it just got listed on Coinbase and BTC has been showing some signs of bullish short term movement. Does Ox know something that we don't know?
#andthewindcriedcapitulation
Note
Patterns don't always play out. When you're wrong you look to see if there was anything you missed. Lessons learned without losing a dollar.
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Disclaimer
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.