Quickpost: Micro Head and shoulders on BTCUSD

2021年9月2日

As always, a micro formation isn't going to have the same reliability as a formation that took over a month to form. Key things would be that this formation is lower than the $50,500 high set on August 23rd and it is forming on top of the trendline from BTCUSD all time high to the $50,500 high. Even though this high is just $50 lower it is a lower high. This is a key decision point for BTC and could potentially lead to disproportionate risk reward ratios.

The linked ideas will show my broader bearishness.

2021年9月2日

註釋

Starting to look worse and worse.

2021年9月3日

註釋

That was a brutal hour

2021年9月3日

註釋

We had a breakdown that didn't perform to target and then we quickly traded above the head. Sign that the bulls remain in control.