Head & Shoulders on BTC Potential Drop
I am seeing a head and shoulders form here in the Bitcoin charts. I am waiting for a breakout and confirmation of the neckline, if that is the case then I will be shorting BTC. My ideal entry price will be around 36.5k and my ideal profit zone will be <35.5k. I also believe on the macro we are going into Phase C of a Wyckoff accumulation #2. Which predicts this drop, so, lps, and then the markup will begin.
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