Though I don't usually like to guess what type of pattern is turning out, it seems that there is a clear head and shoulder building across all exchanges. If this H&S proves legit, we might be looking at a target of 200 USD once we break the 220 support (and we will). This should happen somewhere in the next 24 to 48 hours.
Of course, this mini crash will be followed by a mini rebound, just to continue the downtrend a couple of hours later.
** I strongly suggest that you never try to guess a pattern. One should always act upon a proven pattern, i.e one that has already broken out. This way you have less profit, but you minimize risk by a huge factor. **
Of course, this mini crash will be followed by a mini rebound, just to continue the downtrend a couple of hours later.
** I strongly suggest that you never try to guess a pattern. One should always act upon a proven pattern, i.e one that has already broken out. This way you have less profit, but you minimize risk by a huge factor. **
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