Bitcoin current Head & Shoulder formation playing out US$

In terms of chart patterns, this to me looks like a Head and shoulder formation.
That being the case, we are coming close to a critical point in time. If the pattern fills out at the neck line and goes North everyone is happy.
If it goes south there will be a cohort who will be extremely excited at buying BTC at a fantastically low $6500 in the coming weeks.

Do you agree that this is a Head and Shoulders pattern.

Comment:

This Head and Shoulders , completed the leg , it broke through the support line and created a New Low for BTC. What a tim this was to acccumulate BTC, From the 3.5K low all the way to 41K inside of 11 mths.

We are definitely in the Bull cycle. We are looking at prices of
€51K in early March ( 6th approx) as a peak in Elliot wave leg 2-2
€44,500 towards the end of March ( 27th approx)
followed by leg 4-5 to 61K in April 2021.
At which time we will enter the abc phase of Elliot , to find prices dropping and rising and dropping , before we move into a repeat of this current bull run, as part of the Leg 2 of the Super Cycle.

Happy days .


Thi is my my view of forecasting what may happen in the coming 6mths. It is not financial advice . Do your own research prior to risking your hard earned money in trading.
€62K / BTC in