Nice inverse H&S in the making (s&p500)
- Thread starter Heydrrich
- Start date
lets make the 0.5 as a target, nice number, re-evaluate from there. lets see what buttcoin does. Tempting to catch a wick at the .786 but can't take too much risk in this game
What does Bitcoin have to do with the S&P?
It's weekend
breakout failed, this looks likely to me. Why go down form here? Law of alternation: small retracement first wave, big retracement second wave.
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This was another scenario that was possible, with the B unfolding. But the B did not went high enough to trap as much traders as possible. Therefore this scenario is unlikely to me: bitcoin still has room to go up unless close < 5k on higher TF which I find very unlikely
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this was the low risk/high reward trade to take yesterday. Why ? the 4 cannot go below the 2 for this count to remain valid. After the breakout you couldve raised your stoploss.lets take a close look where it is up to
looks a bit the same as last friday on the S&P. In theory it has enough room to break this, with the 5 unfolding
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