sorry haejin but we`re going down first.
RE: Bitcoin (BTC) Morning Update: Regular Flat (3,3,5) Correction
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Bitcoin (BTC) Morning Update: Regular Flat (3,3,5) Correction
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thanks for the analysis - love haejin just like to see bear side too
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Think we will see. Do not think people understand how fast and how much in% we have gone up for a short while
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We dropped 45% in about 2-3 days from 19.8k to 10.5... rapid growth met with rapid decline, that is the beauty of BTC's volatility and is why we are all getting rich :). As with Head and shoulders, there is about 3 HS patterns within this big HS, and none of which have the volume to prove this indicator. I see many, many analysts on tradingview with the 8k gloomsday but I don't think that will ever happen. Happy New Year!
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volume doesn't approve your count
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let's see what's going to happen
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As it is a game of probabilities I'm confident that we will not see this pathway. If volume would approve it I would take it as my secondary count. Just a feedback that you might want to consider for future analyses
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You can be confident only that you will die.
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Ah yes - the whole world looks at a massive H&S, and even after an almost 50% retracement, many decide to go short and then sit there perplexed as their sure thing turns sour. A rising price eventually drives them to cover. Watch the squeeze!
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There goes the short term downtrend line, but I'd expect the price the rise faster when the next downtrend line is broken at around $15K.
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