Could this be our drop to below 13k? If you plan to take this trade, wait for the break below the H&S's support!
הערה:
Get ready for a possible break! And I mean possible, it's worth losing a bit of profit to avoid falling for a bounce!
הערה:
We had something similar come off IOTA a few days ago... A huge 60% rise, a H&S, and then a huge drop back down.
הערה:
And we're off! Be careful of a false-break bounce at the 1.0 fib. Otherwise, we're set to go downwards!
הערה:
Well, we made it halfway to our target before bouncing as predicted (not perfectly but eh). Be careful of a bull trap, I would not buy unless it bounces off our H&S resistance (or higher).
הערה:
It seems it's developing a resistance above our main H&S resistance so this may be the end of this trade. It seems like it did bounce as I predicted it might and came back up. It's a lot harder to trade these bears in such a bullish market, so perhaps we need to be a lot more cautious with these bearish signs.