Hi Alex, I just fully zoomed in on BTC on Bitstamp and than I see a pattern of heads and sholders allready 3 times they are getting smalling each time with a lower low, do you think that maybe BTC is now forming a left shoulder....because if that's the truth we see again lower low at the end of the right shoulder.....
that means that maybe I must sell a litle bit of my coins at the top of the head. What do you think?
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Hi Carola! I looked at bitcoin on coinbase but could not find a head and shoulders pattern. But I am also a terrible technical analyst, so don't believe me too much - I don't want to hide from you afterwards (plus you know my name already:). What I see is we are out of the wedge we were before, which in my opinion means a lower low, even if we go back to about 8-9K. I will most probably sell there (some at 8K, some more if we go higher). If we don't go back to 8K I will simply wait and will be learning how to become a better day-trader.