It feels like the trade bots are really trying to complete this H&S (continuation). If Bitcoin loses support at $6k, a $5800 test will complete the H&S. If H&S is completed, we might expect the pullback to equal the height of the pump from $5800 to $8500 (+$2700). That's a $3500 target from current $6200 range.
I know, I know, "H&S doesn't happen at the bottom" you keep saying; but if we're not at the bottom, then that is logical fallacy. Until we are clearly out of range of it completing, then I'll continue to trade it like a H&S.
If a H&S pattern finishes where this trend says it shouldn't, then market manipulation is even more evident. Bye Bye any ETF talk for the rest of 2018.
Be prepared.
I know, I know, "H&S doesn't happen at the bottom" you keep saying; but if we're not at the bottom, then that is logical fallacy. Until we are clearly out of range of it completing, then I'll continue to trade it like a H&S.
If a H&S pattern finishes where this trend says it shouldn't, then market manipulation is even more evident. Bye Bye any ETF talk for the rest of 2018.
Be prepared.