ewoudp

Asymmetrical head-and-shoulders

Short
ewoudp Updated   
COINBASE:BTCUSD   Bitcoin
The path after the dip was forming in a symmetrical fashion (within the square), but does seem to break from symmetry (arrow). A head-and-shoulder pattern can be seen , but does not reach the target of the left shoulder and seems slope down, potentially giving birth to a new wave. Might there be an opportunity to short at 3? Who will tell, I am a medical doctor, not a TA specialist! Just my 50 cents.
Trade closed: target reached:
The pattern resolved nicely, but is now losing steam with diminishing volume. I have just shorted and will layer targets between 6k en 7k, hoping for a double bottom.
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