Looking back at Bitcoin's behavior, we can see a clear missing element if this thing is going to go "moon" or to $6200 or whatever number people want to project.
This is really shaping out to look a lot like the first stage of the correction we had over the summer when you compare the purple boxes with some slight differences in volume and shape due to FUD.
But, we haven't done an important step yet.
The main argument I'm making here is... Where is the back test of that inverse head and shoulders? Or, if we want to say that isn't an inverse head and shoulders, then where is the back test of the channel break out?
We haven't had it yet.
This is really shaping out to look a lot like the first stage of the correction we had over the summer when you compare the purple boxes with some slight differences in volume and shape due to FUD.
But, we haven't done an important step yet.
The main argument I'm making here is... Where is the back test of that inverse head and shoulders? Or, if we want to say that isn't an inverse head and shoulders, then where is the back test of the channel break out?
We haven't had it yet.