Hi everyone
In my last chart , Bitcoin was definitely forming a Head And Shoulders even though it was a bit messy. I drew in what should have typically happened but gave a warning that it could just shoot up after right shoulder, and it did. I find it irresponsible of some people to bait people with their TA saying THIS WILL happen to btc and giving an unrealistic short term target.
But anyways right now Bitcoin is creating a small bull pennant. Typically it would follow something like the turquoise arrow i drew in and even go beyond that point.
But we all know how the whales and market makers attitudes lately. They will do the opposite behavior of the pattern, once in a while following it. Enough of the chit chat though
-Golden supports below (minor support at 9300 first)
-Turqoise line , a definite possible route if things play out
-Resistances above starting at 9800! Fortified, we are gonna need some heavy hitters to break those walls. 10k not far away
In my last chart , Bitcoin was definitely forming a Head And Shoulders even though it was a bit messy. I drew in what should have typically happened but gave a warning that it could just shoot up after right shoulder, and it did. I find it irresponsible of some people to bait people with their TA saying THIS WILL happen to btc and giving an unrealistic short term target.
But anyways right now Bitcoin is creating a small bull pennant. Typically it would follow something like the turquoise arrow i drew in and even go beyond that point.
But we all know how the whales and market makers attitudes lately. They will do the opposite behavior of the pattern, once in a while following it. Enough of the chit chat though
-Golden supports below (minor support at 9300 first)
-Turqoise line , a definite possible route if things play out
-Resistances above starting at 9800! Fortified, we are gonna need some heavy hitters to break those walls. 10k not far away