When I'm trading shitcoins, I'm mostly doing it for fun. Since early 2015, I'm trying the strategy of building 1-2 bigger positions in the background over months, and cashing out like 2-3x a year for a good profit. Works nicely, so far, but because of the nature of that strategy, I cannot report on long term profitability ^^
It's either a bullish butterfly or crab. Tho it seems he chose the wrong end points. I don't know why newbies use complex harmonic patterns and elliot waves to trade. I prefer to use the simplest first before moving on to the complex.