Long Term Bull: Big Head and Shoulder

19 Mar 2017

Right now we are in the middle of a big H&S. I believe there will be a good opportunity to short this week with a PBoC announcement around the corner, probably compulsory KYC regulations for Chinese exchanges.

After that, close mid 800's and buy in long for the moon.

20 Mar 2017

Not

The "µ" shaped fractal will form and then after that we go down, as illustrated. PBoC announcement still pending.

22 Mar 2017

Not

Slid the drawing over slightly because timing was off, but it did play out. Top support on the original chart on this page hit exactly earlier today.

22 Mar 2017

Not

RIP anyone who was still long on Bitcoin. If you followed the advice for the head and shoulder you would have pulled out at the upper resistance point I had marked with a yellow dotted line.