Quickpost: Micro Head and shoulders on BTCUSD
As always, a micro formation isn't going to have the same reliability as a formation that took over a month to form. Key things would be that this formation is lower than the $50,500 high set on August 23rd and it is forming on top of the trendline from BTCUSD all time high to the $50,500 high. Even though this high is just $50 lower it is a lower high. This is a key decision point for BTC and could potentially lead to disproportionate risk reward ratios.
The linked ideas will show my broader bearishness.
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Starting to look worse and worse.
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That was a brutal hour
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We had a breakdown that didn't perform to target and then we quickly traded above the head. Sign that the bulls remain in control.
And I promise every Floridian that you will all be rich... because we're gonna print some more money! Why didn't anybody ever think of this before?
~Nathan Explosion
~Nathan Explosion
