To many posts and noises about head and shoulder,
but no one post about invalidation of this pattern.
i will do my best to show you how to spot invalidation
lets make it simple,
on 1st head and shoulder last year 2021 theirs a clear invalidation,
you can see how bitcoin neckline wasnt violated and on down trendline
theirs a strong breakout and pull back after that price goes to $69k,
the different head and shoulder this 2022 is their was a FEDS FEARS so people
from december 2021 was selling because of this interest rates and newbie traders
is dumping thiers shares and around $32k bitcoin capitulate and recover from
stop hunt below the neckline because feds stated that rates this march 16, 2022
is 0.50% basis point only and it will total to 0.75% rates only which still bullish for
bitcoin ( see a attached file)
so this 2022 we can see how bitcoin break the down trendline above and recently
drop because of russia and ukraine fears but on macro view the big head and shoulder
was already invalidate, right now were expecting bitcoin can still go on accumulation
between $37k to $43k before it goes to bitcoin final leg of bullrun this 2022,
base on elliot wave theory this current drop is wave 2 daily of wave (5) weekly it means
were at the begging of the final bullrun which bitcoin can still push between $80k to $125k,
for this prices to materialize feds rates should be under 1.5% and dont cross above 1.5%+ this 2022
then it will send everything to crash, similar what happen during 2017-2018 bullrun,
so lets see how this play will go this 2022.
but no one post about invalidation of this pattern.
i will do my best to show you how to spot invalidation
lets make it simple,
on 1st head and shoulder last year 2021 theirs a clear invalidation,
you can see how bitcoin neckline wasnt violated and on down trendline
theirs a strong breakout and pull back after that price goes to $69k,
the different head and shoulder this 2022 is their was a FEDS FEARS so people
from december 2021 was selling because of this interest rates and newbie traders
is dumping thiers shares and around $32k bitcoin capitulate and recover from
stop hunt below the neckline because feds stated that rates this march 16, 2022
is 0.50% basis point only and it will total to 0.75% rates only which still bullish for
bitcoin ( see a attached file)
so this 2022 we can see how bitcoin break the down trendline above and recently
drop because of russia and ukraine fears but on macro view the big head and shoulder
was already invalidate, right now were expecting bitcoin can still go on accumulation
between $37k to $43k before it goes to bitcoin final leg of bullrun this 2022,
base on elliot wave theory this current drop is wave 2 daily of wave (5) weekly it means
were at the begging of the final bullrun which bitcoin can still push between $80k to $125k,
for this prices to materialize feds rates should be under 1.5% and dont cross above 1.5%+ this 2022
then it will send everything to crash, similar what happen during 2017-2018 bullrun,
so lets see how this play will go this 2022.
