ViktorFiodorov
Long

BTCUSD H&S forming on 1h?

BITFINEX:BTCUSD   Bitcoin / Dollar
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3
265 5
Few weeks ago. Same day of the week. same pattern?
WTF ? H&S is a bearish pattern dude !
It should be an inverted H&S to be bullish. Look at the basics on google
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@Sessay, indeed it is, but main idea is that btc may repeat the thing I pointed out on the chart
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Hello!

A Head and Shoulders reversal pattern forms after an uptrend, and its completion marks a trend reversal.
Possible that we are going down... Posted my idea of Head & Shoulders too...


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@Kert10, Hi! It's just a guess based on the previous analogical situation. Like this time it also happened after a big dip. If this happens, it may also drop after the weekend (like the previous time) to test new lows..
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Kert10 ViktorFiodorov
@ViktorFiodorov, Yea of course anything can happen. Just wanted to point out that kind of H&S usually is a trend reversal.
Just to be careful of :)
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