Short

BTC Topping Hypothesis

Updated

Carving out right shoulders in what looks to be inverted complex head and shoulders topping pattern. Good luck everyone.

Note

Closed trade. The first try got stopped out for 1% loss. Tried again. Made 6%
Good luck everyone.

Note

We likely will be range bound between the upper green line and the bottom green line. The idea is that that huge plunge on Dec 3 2021 will need resolution, and the price being range bound will resolve eventually down possibly past the low on Dec 3.

Note

Looks very weak

Note

Oh well. Recovery pattern till it isn't: this could be that it makes for a new bullish trend, but not enough info yet. Corrective patterns make for difficult trading.

Sinex

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.