Textbook H&S, let's see if it plays out

People seem to love H&S patterns, but from what I've seen in crypto they rarely play out. I don't expect it to happen, but if the price breaks the neckline I will be watching for buy opportunities (usually after I see a good wick in the 1 or 4 hour candle).

Zlecenie aktywne:

Tight stop at 35360, set leverage at what you're willing to risk.

Transakcja zakończona: osiągnięto poziom stop:

Lesson learned: the reason why so many H&S patterns were not playing out in the last few weeks/months was probably that we were in a bull market, and BTC wanted to go up no matter what.
Now that the market is scared, bearish patterns are much more likely to actually play out.