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Rotox
Aug 7, 2018 10:32 AM

The Time of MegaBear is upon us. Short

BITFINEX:BTCUSD240
Bitcoin / DollarBitfinex

Description

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Too good to throwaway, idea just for fun before I clean my chart up again. Neckline needs to be broken DOWN hard to save us from MegaBear.

Don't piss off the bear gods :pray:

Trade closed: stop reached

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Stick a fork in her, no right shoulder, Megabear must wait for another day.
Chart Patterns
Comments
Behrouzzz
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Head and Shoulders is a reversal pattern NOT a continuation pattern
We are in a downtrend so a H&S which is pointing to the downside is not valid
Rotox
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@k0tkin, You're absolutely correct, it should be a tops/bottom pattern. But as I said, just for fun, and crypto likes to crypto. I won't be betting the farm on this one ;)
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