JJMa

Bitcoin Possible Inverse Head and Shoulders

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
I know I'm not the only one that noticed this developing over the last week as price hit the low, rebounded and then corrected once more. Set-up is now very legit, very legal, and very cool (yeah, I actually hope that triggers a few of the right people, others will just have a sense of humour about it and understand irony). Nonetheless, if Inverse head and shoulders actually happens, potential measured upside to about 56K, but this is crypto so anything can happen. Corporations interested in adding bitcoin to treasury could use this and other factors might see the price make an attempt at 60 once more. I would expect the first attempt at 60K to fail, as per usual, but it would be retried. Unless we get a serious catalyst, more Central Bank FUD, probably good for 56K, possibly even this weekend. Time will tell.
Comment: Well, here we are, looking fairly normal now, not so parabolic and crazy...a few days of calm I guess.

Comment: And here we are sitting pretty at 56K, hardly a wild or risky prediction.


Curious if the rest goes as predicted - Up to near 60K before a rejection, as is usually the case with big figures and then consolidation and a final push beyond 60K. Time will tell.

Comments

Amazing move.
Reply
JJMa Ridethemacro
@Ridethemacro, Has gone well and beyond expectation...lol, hodl! Stack sats on dips.
Reply
@JJMa, hah
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out