RE: BITCOIN (BTC) and ALTCOIN Update: Head & Shoulders

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BITCOIN (BTC) and ALTCOIN Update: Head & Shoulders

in bitcoin •  7 years ago 

Isn't it strange? Maybe we will not have such a big correction after all... this is not a bad news... I was expecting to be under 4K already

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7 years ago by

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      ·  7 years ago 

    I personally believe we'll dip second part of september, beginning of october.
    Always watch the timeframes of the graphs you're looking into. These H&S frames above are formed in 3 days time so they have to reach their target in max the same timeframe or less, in this case 2-3 days.
    The 4th wave down as indicated in other graphs by Haejin, show a much larger timeframe. I think that's an important lesson for people who start with TA:
    Always look at the time needed to form/formed a pattern, it takes also time to reach the corresponding target, and never in a straight way.

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        ·  7 years ago (edited)

      Oh, the market has ways to fake everyone! Let's see what happens. My call for Wave IV correction remains.

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          ·  7 years ago 

        agree!
        we remain in zig zag pattern 4000-4700
        then btc dips down to low 3000 then up to ATH ..
        then majaor correction to follow ..

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            ·  7 years ago 

          A possible scenario.

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