I think there's a high probability Bitcoin is in the process of forming a massive reverse head and shoulders.
Many are wondering right now if they missed the bottom. Those who were trying to short bitcoin to 2k, 1k and below are starting to feel the burn, second-guessing themselves and their strategy.
Pretty much everyone knows bitcoin will surpass its ATHs, it's just a question of when.
Everyone is looking for the bottom. *Everyone*. Even the most bearish have bottom targets they are aiming for.
The question you have to ask yourself is this... when the bottom finally comes, and it will - who will be selling at that point? People who think it's going lower and who are voicing that opinion loudly.
Do you know what that means? Bottoms are always filled with people calling for it to go lower. Who else would you be buying from were it not for these people????
But, deep down no one wants to miss that rocket they all know is coming. Right now many are wondering if they missed the bottom, which very possible considering we have already retraced 85% from the high - which is historically common. But if you're waiting for a 90% retrace... you may wait forever in vain.
But NO ONE FREAKING KNOWS what is going to happen. But, I am just calling it like I see it. There is a massive reverse head and shoulders and giving the current psychology, it makes perfect sense. That's what forms the right shoulder. The right shoulder is the second chance.
NOT FINANCIAL ADVICE. Entertainment purposes only... and these are just the opinions of some random person on the internet.
Many are wondering right now if they missed the bottom. Those who were trying to short bitcoin to 2k, 1k and below are starting to feel the burn, second-guessing themselves and their strategy.
Pretty much everyone knows bitcoin will surpass its ATHs, it's just a question of when.
Everyone is looking for the bottom. *Everyone*. Even the most bearish have bottom targets they are aiming for.
The question you have to ask yourself is this... when the bottom finally comes, and it will - who will be selling at that point? People who think it's going lower and who are voicing that opinion loudly.
Do you know what that means? Bottoms are always filled with people calling for it to go lower. Who else would you be buying from were it not for these people????
But, deep down no one wants to miss that rocket they all know is coming. Right now many are wondering if they missed the bottom, which very possible considering we have already retraced 85% from the high - which is historically common. But if you're waiting for a 90% retrace... you may wait forever in vain.
But NO ONE FREAKING KNOWS what is going to happen. But, I am just calling it like I see it. There is a massive reverse head and shoulders and giving the current psychology, it makes perfect sense. That's what forms the right shoulder. The right shoulder is the second chance.
NOT FINANCIAL ADVICE. Entertainment purposes only... and these are just the opinions of some random person on the internet.