TheWolfofPoloniex

BTCUSD Update : Battle of the Patterns

BINANCE:BTCUSDT   Bitcoin / TetherUS
On the Bear Corner, we have a Head & Shoulders (Pink) paired with an Ascending Broadening Wedge (Orange)

vs.

A Inverse H&S (Green) paired with a Falling Wedge (White)


Place your bets everyone!!! Place your bets!!!

-----

Jokes aside, the market is definite split as fuck, I'm now leaning a bit bearish. I was certainly bullish yesterday but the Daily Doji that closed last night has shifted my perspective A LOT.

If anything, perhaps we come down for a double bottom, or 1 more touch on the falling wedge support before a launch up.... or we just drop sharply and squeeze all the longs out.

>> STAY HEDGED!!!! << Cover your six.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.