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Head & shoulders?

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Thread replies: 11
Thread images: 2

File: H&Sbitcoin.png (90KB, 1044x942px) Image search: [Google]
H&Sbitcoin.png
90KB, 1044x942px
How high would you consider the possibility of a H&S-pattern on bitcoin?

Sophisticated discussion, please.
>>
>>3001060

>Sophisticated discussion
>Head and shoulders pattern
>>
>>3001060
nigga r u stupid
its clearly a backwards inverted teacup with the 3rd vertice producing an amish washing machine
if you sell now you are nuts
>>
its goin down
>>
>>3001060
Wishful thinking
>>
>>3001060
Cup and handle we will see a bullish reversal.
>>
>>3001110
Cup and Handle
It is worth considering the following when detecting cup and handle patterns: Length - Generally, cups with longer and more "U" shaped bottoms provide a stronger signal. Avoid cups with a sharp "V" bottoms. Depth - Ideally, the cup should not be overly deep. Avoid handles which are overly deep also, as handles should form in the top half of the cup pattern. Volume - Volume should decrease as prices decline and remain lower than average in the base of the bowl; it should then increase when the stock begins to make its move higher, back up to test the previous high. A Retest of previous resistance is not required to touch or come within several ticks of the old high; however, the further the top of the handle is away from the highs, the more significant the breakout needs to be.
http://www.investopedia.com/terms/c/cupandhandle.asp#ixzz4pHMBhjuw


Head & shoulders
The initial peak and subsequent decline represent the waning momentum of the prior bullish trend. Wanting to sustain the upward movement as long as possible, bulls rally to push the price back up past the initial peak to reach a new high (the head). At this point, it is still possible that bulls could reinstate their market dominance and continue the upward trend.
However, once price declines a second time and reaches a point below the initial peak, it is clear that bears are gaining ground. Bulls try one more time to push price upward, but succeed only in hitting the lesser high reached in the initial peak. This failure to surpass the highest high signals the bulls' defeat and bears take over, driving the price downward and completing the reversal.
http://www.investopedia.com/terms/h/head-shoulders.asp#ixzz4pHLrXPqS

It realy sounds like H&S, not C&H.
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>>3001110
>Cup and handle we will see a bullish reversal

??? C&H is a bullish continuation not reversal faggot. If it would a reversal, it would be bearish. Now KYS faggot
>>
>>3001060
>specifically stating anything involving the hardfork will follow a predictable pricing pattern

TI works when a large enough actors in the market believe TI to work.
Something like the hardfork is unprecendented.
>>
>>3001149
oh my fuck this is rich
you arent actually just being a dumb fuck OP
you actually think that grandpas investment trends are going to apply to this fledgling market?

take your fucking head out of your ass and realize this is a completely new market and the future is entirely unknown
trying to apply market trends that deal with existing companies that operate off of millions of investors in a market that rarely sees things move 1% a day is fucking retarded

crypto market is entirely unique and upcoming and if you try to use these trends from traditional stocks you are a fucking dunce
>>
File: srg.jpg (35KB, 554x439px) Image search: [Google]
srg.jpg
35KB, 554x439px
>>3001203
TA worked well so far for me - given the fact that whales and professionals work with TA and most people follow them, it is a self fulfilling prophecy. You just need to be good a recognizing patterns.

Also, you are a picturebook example of "new paradigma". As long as there are graphs, I dont see a reason to abandon TA just because the market is volatile.
Thread posts: 11
Thread images: 2


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