Beware - Possible Head and Shoulders for Bitcoin
Hello guys,
I've just noticed a possible head and shoulders forming for Bitcoin.
For the bullish whales to stop this dangerous head and shoulders from happening, they must cause the price to go down right now, and to thus stop the right shoulder from forming.
They could also opt to form an inverse head and shoulders which be an extremely bullish sign to the average trader.
If they let the right shoulder to form, then this could cause many investors/traders to get afraid, sell their holdings, and thus cause the price to go down to 8400-8000 USD.
It would be safer for Bitcoin in the long run if it went down in price right now from 9300 to 8800, than to go from 9300 to 9500, thus forming a right shoulder, which could result soon after in a price in the 8400-8000 USD range.
Anyways, let's see how this plays out, at this critical price point were currently at.
Remember,
Patience is Paramount!
I've just noticed a possible head and shoulders forming for Bitcoin.
For the bullish whales to stop this dangerous head and shoulders from happening, they must cause the price to go down right now, and to thus stop the right shoulder from forming.
They could also opt to form an inverse head and shoulders which be an extremely bullish sign to the average trader.
If they let the right shoulder to form, then this could cause many investors/traders to get afraid, sell their holdings, and thus cause the price to go down to 8400-8000 USD.
It would be safer for Bitcoin in the long run if it went down in price right now from 9300 to 8800, than to go from 9300 to 9500, thus forming a right shoulder, which could result soon after in a price in the 8400-8000 USD range.
Anyways, let's see how this plays out, at this critical price point were currently at.
Remember,
Patience is Paramount!
Comment:
I've just added a possible trend line to the idea.
Comment:
Perfect!!
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I previously said that this drop to 8000 would be bad, but after thinking about it, I think it would be a great correction, before the mega rally upwards, just in time for Consensus 2018!
Comment:
8350-8200 USD is out re-entry target:
Comment:
End of head and shoulders correction.
We reached our target of 8200, and the idea went perfectly!
We reached our target of 8200, and the idea went perfectly!
Comment:
Comment:
Failed Head and Shoulders...
