I hear a lot of paid groups are bearish
, or draw a really crappy head and shoulder's pattern on BTC
. Let's take the head and shoulder's pattern floating around right now. This is purely conditional IF it were to break 10k, the it's this awkward sideways type H&S
pattern that would have formed and some folks would have gotten lucky. I however believe BTC
is merely at a massive support and going to continue higher.
This is best illustrated with GBTC
, the symbol on the OTC exchange. It is currently sitting on a MASSIVE support and has a lot of indicators turning up. This will drive the entire market higher, GBTC
to $16 and BTC
to around 15-16k.
Happy trading and hodling folks. It's gonna get real very quick.