BTC BEARISH HEAD N SHOULDERS PATTERN? I AM GONNA COUNTER TRADE THIS!!!

in #trading3 years ago (edited)

An obvious textbook head n shoulders pattern is printed on BTC 4 hour chart right now

Instead of trading the neckline breakut, i might wanna counter trade the textbook pattern

The most ideal scenario is when we broke down from the neck level, those textbook retail traders and youtube traders like carl the moon & MMCrypto are gonna be so bearish and make a video asking everyone to short the breakout

When public sentiment goes super bearish and everyone panic selling/shorting, price will reverse at maybe 39k++ to rekt all these breakout traders

My Long entry trigger would be a huge confirmed trapped shorts at the low

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