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PatrickHob
Aug 30, 2021 10:14 PM

Bitcoin forming a head and shoulders pattern Short

Bitcoin / U.S. dollarBitstamp

Description

Briefly, Bitcoin is heading to 40k support level.
Good luck!

Comment

The neckline is pierced
Comments
iaretheanimal
IF EW theory holds and I'm reading it right, A wave correct was from roughly 50k - 46.4k, for a total of 3600. Wave c of equal length would bring us to again about 46.4k. If it runs 1.618, would bring us to about 43,100. As I am still learning, curious what you are using here as opposed to ABC correction because I definitely feel like I'm missing something. Appreciate you sharing your work, and if you have a moment for guidance on the above, would appreciate that as well. Thank you.
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