FatherLiteBorn

4 hr Possible Inverse Head and Shoulders.

BITFINEX:BTCUSD   Bitcoin
Woke up this morning had some tea, and a small shot of Hopium. We are forming a possible inverse head and shoulders on the 4 hr. My stop loss was hit yesterday so I am currently waiting on the sidelines to see how high we can go. Oversold on Rsi, this may just be a "refresh" of the RSI to lead to further downside action. My targets are as follows: High 5780 then possible rejection and downside target of at least 4700-4800. Let us try to put aside "moon boy-ism" and "hopium hits" and look at the facts. We will not allow Wall Street to get all the bitcoin at discount prices. To infinity ... and beyond.
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