One stock which simultaneously illustrates:
- The insanity going on with crypto right now, and;
- How bullish patterns cannot be trusted in a bear market
……..is Robinhood (symbol HOOD). If this was a bull market, that basing pattern would be absolutely golden. As it is, though, it was a total fakeout, and thanks to the FTX fiasco, Robinhood is falling to pieces.
![](https://slopeofhope.com/wp-content/uploads/2022/11/slopechart_HOOD-1-640x347.jpg)