BTC - 1.618 Pattern Break Target Back-Test

After the period of Daily Consolidation, BTC went vertical to the upside. The Inverse Head and Shoulders is purportedly, according to online source that claim to track pattern stats, the most reliable post break. It is my all-time favorite due to the parabolic nature, perhaps the combo of buying and covering that occur, fueled by the confidence in the bulls of the right shoulder higher low. Once BTC made it through a bit of congested zone of multi-necklines it was off to the race. The 10 Year Note also found a bid, adding 1.65% to 1.48. Bond and BTC - ride again.

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