Following a bullish 2017, we have a POTENTIAL correction setting up in 2018.
Whilst Bitcoin long-term is bullish we need to be aware that a breaking of the Head & shoulders Neckline may precipitate a severe sell-off.
To play this we look at both sides of the coin: LONGS: Needs to convincingly stay above the Resistance Levels SHORTS: Breaks the neckline of the Head & Shoulders and stays under
@Sam.c.roberts, Exactly, he's wrong the majority of the time
regalia
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@Sam.c.roberts, He's really good at making ppl lose money. Remember he's a short. He doesn't know how to invest or trade.
MarRob
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@regalia, Actually , he is not saying if you should buy or sell . He just drew the pattern , I believe anyone here can spot that pattern and recognize the H & S . He's just saying to sell IF it breakes the neckline , classic head and shoulders , that's it . He also says that he is long term bullish so he's not a short . Based on these comments I don't even know why you people are labeled PROs
regalia
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@MarRob, Pro = we paid for trading view for more access to indiscators and charts. Not sure if you are new but if you have followed sean historically he's a short player. He's probably made people lose more money than made. Also there is a reason why he was banned.
MarRob
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@regalia, I did watch his posts and yes he did call for short a few times but every time indicating the support that needed to get broken in order for the pattern to fulfill . If one follows the patterns than this post I believe it is correct , the H&S is big as a house and as he said it might drop IF the price brakes the neckline , that's what every book says about Head and shoulders. I don't understand what someone might find wrong in this.
Most of his BTC post is shorting the market & i'm pretty sure even now he is shorting the market. Everyone is entitled to their opinions the same way people are allowed to agree with him. Feel free to review all of my TA's most of them are accurate.
Sean has been pretty rude in the past to those who disagree with him. I am just posting this comment because newcomers should understand how certain people on Trading View historically trade.
Sean historically trades short...and why short at bottoms? You short at ATH's. He shorted during several bull runs. Read through his old comments of people who adamantly follow his TA's and get burned hard. IDK about you but i take a great sense of responsibility when i post my TAs, because people will follow regardless of disclaimers.
Integrity and reputation is all you have in the world.
MarRob
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@regalia, thanks for taking the time to explain , I still tend to find correct this analysis and some of his past analysis , technically he does find the right support and resistance it's just that Bitcoin brakes resistance every time , so if one sees that the brice broke the resistance than just close the short and cut the losses . What I was trying to say is that the comments should go towards the analysis and not towards the trader . in this case the pattern is there and there is no doubt about that , we just have to wait and see which side it brakes
regalia
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@MarRob, Fair :) Hope you have a great 2018 man!! Sean should appreciate honest supporters like you! Happy Trading/Investing good sir and i hope you make many profits :)