BTC, you're on a slippery slope
Updated
Just sharing my idea of a possible H&S pattern, which could be triggered once BTC breaches 25K level.
This then could take us down to 18K's.
That's a big drop.
On a larger scale, if we are in an accumulation pattern before a run up, a dip would look better on the grand scheme of things, in my opinion.
H&S pattern would be less probable if we can get up to 28600's and stay above that level.
This then could take us down to 18K's.
That's a big drop.
On a larger scale, if we are in an accumulation pattern before a run up, a dip would look better on the grand scheme of things, in my opinion.
H&S pattern would be less probable if we can get up to 28600's and stay above that level.
Note
Let's zoom in on the right shoulder:Falling wedge break into a flag-like pattern, how will it resolve?
Note
Seems like this H&S pattern is less and less likely, as the crypto market heats up. Only real danger here would be a total crash of all markets which then would pull BTC down. Could be something related to yield-curve inversion/war. Until then it seems like it's most likely range or up.
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