Did anyone else see this market crash coming?
Did anyone else see this crash coming?
user-mq4xp1gq3q on a Youtube channel called "Ice Wallow Crypto" called this current crash back on January 13th based on a head and shoulders pattern. According to the post, the user stated "head and shoulders pattern on the zoomed-out hourly chart from Nov 22-Dec 19. Measured move down to about 50 cents".
How often or reliably do these head and shoulders play out? Also, why did this move take so long to play out? Was anyone else seeing any other market structure that saw this move coming?