ScotianBot

Is this a H&S pattern forming in a Descending Triangle?

BITFINEX:BTCUSD   比特幣
I sure hope not, but hope isn't a good investment strategy.

There was a descending triangle on a smaller time frame that broke to the downside but quickly regained traction to end up playing out as a bull flag.

It would be nice to see this turn out as a giant bull flag or ascending triangle, but those red candle sticks look hella bearish..

Time will tell per usual.

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