CaptainX

Will btc be like 2014?

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
If btc repeats itself like in 2014 the bottom should be 3000/3500$ just based on a pure comparison with it.
For now seems like it could complete the right shoulder, but if we look at the past the IH&S pattern almost never played out.
I see two scenarios right now.
1) this IHS will play out, after all seems like most ppl expect it won't (based on the past) which is the reason we could already make the last trap towards 7.4-7.7k next week or so.
2) we break 5.7k then we'll go to 4.5k-5k before going to 7k+
until we clearly break 5.7k I still see good chance to make this trap around 7.4-7.7k in about 7/10 days before going down to 4.5-5k






Comment:
Comment: IH&S
Comment: we are also inside this falling wedge

Comment:



be careful about this likely double top
Comment: forget the last scenario I posted. it's wrong the IHS I highlighted, it played out and also this one we are seeing will likely play out. it just needs to break 6900$. target will be 7.4-7.7k

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out