Great Reverse Head and Shoulders here on the 4 hour chart.
Very Bullish Pattern
4 hour charts are the best for Crypto Currencies because they give us more pattern recognition than the Daily Chart and less volatile chaotic noise than the 60 minute charts.
A very classic bullish pattern.
If we break out above this 1160 area, which is also the trend line forming the neckline of the Head & Shoulders.
Our targets will be based on the Fibonacci retracements and extensions.
Hey there !
How do you analyse this ? is it a false breakout ? head & shoulders pattern is now invalid, I imagine ?
DASHBTC seems still bullish.
I would be interested to have your thoughts on how to debrief a trade that did not turn out as expected (hoped ? :-) ).
Thanks !
EBMH2012
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Berliner?
BerlinTrader591
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@EBMH2012, Yes that pattern is invalid now. It broke out but failed. Right now it is a mess. So we wait until something with defined levels develops. Living in Berlin!
How do you analyse this ? is it a false breakout ? head & shoulders pattern is now invalid, I imagine ?
DASHBTC seems still bullish.
I would be interested to have your thoughts on how to debrief a trade that did not turn out as expected (hoped ? :-) ).
Thanks !