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DanengXiong
Jan 13, 2021 5:38 PM

BTC head and shoulders FAIL!  

Bitcoin / U.S. dollarBitstamp

Description

Head and shoulders forming on 1 hr and 4 hr for BTCUSD but I think it will be a fail. These patterns don't always work and given the extreme bullishness we've had with BTC in the last 9 months, I believe we will continue with the the bullish momentum to the upside. I'm nuetral in terms of investing more into BTC but I'm not selling either.
Comments
raphaeljolly5
inverse cup and handle is a possible pattern ??
DanengXiong
@raphaeljolly5, We'll find out. BTC taking off right now, might come back down as in the inverse cup and handle... but I don't think that will be the case. We are still in a bull market for BTC.
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