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RE: Bitcoin (BTC) Evening Update: Price is Sitting on Lower Bollinger Band & Upper Trend Line Support
This guy knows; lets hope a very bullish Wave 3 that can penetrate that I H/S neckline and give us a comfortable 'rollercoaster' to 16900.
Please realise if price drops below 9k you have breached the right shoulders validity and the whole thing has become invalid, just be careful buddy, these Head and shoulders TA are sending the wrong information to some newer traders~
Wait, sorry to have to contradict you there but there is nothing in H/S TA that states the right shoulder cant be lower than the left shoulder; both shoulders dont have to be equal... one can be lower than the other. In fact the right shoulder merely cannot travel lower than the head...
I hope not but I'm starting to think we may get a D up and than a lower E around 6000.