NumbWolf
Short

BTC/USD H&S Year End 2017

BITSTAMP:BTCUSD   Bitcoin / Dollar
H&S pattern on the 4 hour bitfinex chart
cant u see it uptrend, its at 12.700's now. this ur chart is bullshit :/
Antworten
NumbWolf terrahigh
@terrahigh, thank you for your input. This is my first chart and call. I could be very wrong, and do appreciate your criticisms.

Regarding the one uptick, it's retesting the neckline -- a good sign for the chart.

There's still a possibility that it'll trend up, but looking at one 4hr candle isn't a trend... On a smaller timeframe, sure; but not when you're looking at a 4hr chart... It's not a trend until there's candles confirming a trend.

Also, on that note, I did make an error. Meant to have this chart drawn for Bitfinex -- which shows a more convincing h&s pattern. Not sure how I accidentally drew it for Bitstamp...
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NumbWolf terrahigh
@terrahigh, support held on the neckline until it didn't.
Broke support and now looking at possibly going to 6.8k.

Was right. Just timing was off.
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