I orginally thought we had a bear flag AB=CD pattern with a target of $84k bitcoin (red dotted lines). I know lean toward the H&S pattern with a lower target of around $75k. the fed was authorized to sell $5.5 billion dollars worth of seized bitcoin from the Silk Road seizure which may be the catalyst.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.