OMG/BTC - Bearish head and shoulders pattern forming?
This is my second published analysis. I have been learning from others on here, who have been most helpful in teaching TA. I am definitely not an expert, but want to share the ideas I am developing.
I have been looking at the OMG/BTC pair, and believe I see a head and shoulders pattern forming. Volume was relatively high at the formation of the left shoulder.
Many of the analyses here on TV seem bullish on OMG/BTC, but this emerging pattern seems like a concern. The most recent MACD also seemed to be in a downtrend. Please provide feedback if you think I have misread this pattern.
NONE OF THIS IS INVESTMENT OR FINANCIAL ADVICE!
I have been looking at the OMG/BTC pair, and believe I see a head and shoulders pattern forming. Volume was relatively high at the formation of the left shoulder.
Many of the analyses here on TV seem bullish on OMG/BTC, but this emerging pattern seems like a concern. The most recent MACD also seemed to be in a downtrend. Please provide feedback if you think I have misread this pattern.
NONE OF THIS IS INVESTMENT OR FINANCIAL ADVICE!
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