krodmandoon
Short

Head Shoulders Knees and Toes

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Hey its me! Still with no clue what I'm doing, but I'm doing it just the same because I like shapes and colors and lines and things.

As we can see here, I've not just doubled down on the head and shoulders pattern that seems to be soooooo popular right now, but I've TRIPLED down on it! That's right, a big juicy three piece. I'm thinking that maybe I'll go for the four-peat on the next chart. We shall see. I'm growing confident in my ability to see whatever pattern I like when I manipulate the charts enough.

But seriously though, I'm ignoring the giant inverted head and shoulders because I believe in market manipulation and that the Whale Bears want you to buy high and sell low. All I see on any time frame is lower highs and resistances around Moving Averages and that thing that rhymes with friend.

Could I be wrong? Absolutely and most likely! I have no clue what is going on here. But I do like money and I want more of it, so maybe this will help.

I'm still calling somewhere in the $8800 range short term with $1300 as the absolute bottom based on disaster scenarios like we saw in 2014. It actually makes sense on a logarithmic chart but hey.....what are those? Anyway, BTC             is still a super duper mega Bear killing Bull, just not right now. BTC             is tiring and doesn't have enough gas (buy volume ) or publicity to make the public buy more. Needs more money to inflow, right now its just a bunch of traders fighting over a pile of money that isn't getting bigger.

Or maybe not.....

The only thing I recommend is sleep. But if you do that don't forget to set your alarm.

Good luck, charts are silly.
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