As we can see here, I've not just doubled down on the 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 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 ) 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.