This pattern has been a great example of groupthink. No downtrend was broken. Volume is wrong. Neckline is dirty. I think people are force-fitting their hopes and beliefs to a flimsy technical pattern, if you can call it that.
Manifested
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GoldenRatioTA
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Thank you for sharing your analysis. Can I just ask you what the benefit of doubling-up the cryptos-adapted Ichimoku settings would be? Also, can the double-up settings be used on lower time-frames (4h, 1h, etc.)? Many thanks.
IAmSatoshi
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@MRZSKV, double = better signals due to more data - trade off is signals are later
JaewooLVL
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TA of Financial Markets says that necklines are often diagonal
FenixCapital
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Love this pattern, looks like its likelihood was greatly increased with the d/t line break.
MancTradings
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Hi, are you in a telegram group?
UpsideAlpha
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On the 15min chart (I know, short time frames...but) It looks like a mini head and shoulders is setting up to take it down below the channel line.