BTC and ETH head and shoulders!

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I was hoping not to be a bear.. but I'm a bear bear. So I have been watching the price action like a hawk as we had our first minor correction in BTC / ETH. Where are we headed from here?

Let's put it this way, I don't view this as a shake out from 'weak' hands. I'm just doing honest to goodness technical analysis and watching as many videos from the 'experts' as I can. From the time I am writing this post it would seem the downtrend is very apparent.

I cannot fight the bears and the trend in the end is my friend! My money is now on the sidelines and it very well may stay that way for a while. I really do not think this correction is over with. I may be wrong, but we for sure DO NOT have a reverse head and shoulder patter which looked like it was developing but broke down through my trend lines.

We may need to buckle up for more downside.

Posted Using LeoFinance Beta



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3 comments
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Who thinks that this is actually over? A two day correction after months and months of upward movement... Come on. My take is that it will take at least a month before the uptrend continues. I'm not an expert though so I might be wrong.

Posted Using LeoFinance Beta

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waiting on the sidelines or I lose any gains I made over the past month.

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