If we can envision a Inverse Head and shoulders forming.
With a horizontal neckline coming in at around $47.5-48k
It gives us a LOG projection north of $140k
Draw it out yourself and see :)
A linear target would be much more subdued and give us a $80k target
And trap people below that magical figure for close to a decade , if u tack on a bear market that would follow.
That could really hurt #Bitcoin's traction in gaining new buyers going forward (especially on the retail level)
But lets's be optimistic and aim high
but recognise the value of having BOTH targets in mind.
TheCryptoSniper Thank you for your ongoing education and dedication to your craft.
With a horizontal neckline coming in at around $47.5-48k
It gives us a LOG projection north of $140k
Draw it out yourself and see :)
A linear target would be much more subdued and give us a $80k target
And trap people below that magical figure for close to a decade , if u tack on a bear market that would follow.
That could really hurt #Bitcoin's traction in gaining new buyers going forward (especially on the retail level)
But lets's be optimistic and aim high
but recognise the value of having BOTH targets in mind.
TheCryptoSniper Thank you for your ongoing education and dedication to your craft.
Trade active
The head was created now the right shoulder is forming
how long will it take?
I expect a low to be made soon
Trade active
Neckline breakoutSideline money you have been warned.
Sniper laid the map out for you.
Trade active
The move to $80K is happening quicker than people have positioned for. FOMO
Trade active
gotta remember we were $7k off the linear target !!
thats was a wild run
Trade active
let's add that linear target of $123k into the mix as well shall we.
Note
Note
lovely monthly candle
Note
we was ahead of schedulenow we play catchup
Trade closed: target reached
LINEAR TARGET HIT!#BTC
#BITCOIN
Note
LOG target is +33% away from being met.Note
Tightened up the neckline for #BTC on the original draw.New updated Log target provided.
#Bitcoin
Note
#BTC linear tgt met of the Cup and handle.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.