I have been studying T.A, On Chain, Trend Analysis, Cryptography, Cryptology, etc., for a few months now. So far, I have managed to do pretty well, buying the dips and HODLING Coins/Tokens that have significant events coming up. I also have taken note of the BTC CME Futures Launch back in 2018 and the fact that the price instantly shot up, and now with the ETH CME Futures Launch; instead of moving parabolic, it consolidated. Today that consolidation has reversed and may look like it's going to follow BTC's path but even more potent of a breakout due to consolidation.
Now, I know this may seem like a complete newb question, but hey, that's the point of places like this; to receive guidance from someone more educated than myself... I know about the Head and Shoulders pattern, but I have never come across a (what looks to be) upside down Head and Shoulder pattern? If so, what does an upside-down one indicate? Any info is much appreciated.
Perfect. Thank you! Hopefully, we can finally get back on track, lol.
jpotchen
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It's called an inverse head and shoulders pattern and acts the exact same way a regular head and shoulders does, except in reverse. You got it right :) But yes, it looks like its completed its course and we're back to ranging for a bit.
UnknownUnicorn3811160
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its called an inverse head and shoulders..very common, very easy to calculate the measure of the move..GL