Inverse H&S or Double Top?
Updated
See most comments on the chart, was explaining to someone over screen-share and decided to leave it instead of writing everything up.
Basically we have two patterns I see that may be playing out. One takes us past the next ATH, the other could see us in the low 30k's.
Let me know what your thoughts are, with all the usual suspects (altcoins) making their gains and then relaxing in price, the capital is ready to move back into BTC. Let's see which direction it goes!
I've been waiting for a sale on BTC since November.
Cheers!
Basically we have two patterns I see that may be playing out. One takes us past the next ATH, the other could see us in the low 30k's.
Let me know what your thoughts are, with all the usual suspects (altcoins) making their gains and then relaxing in price, the capital is ready to move back into BTC. Let's see which direction it goes!
I've been waiting for a sale on BTC since November.
Cheers!
Trade closed: target reached
Damn, I'm good. nailed key support and target prices 6 months ahead of time.Check out the latest charts, BTC is going to dump hard around Dec 10th.
We'll likely re-test
67K, forming a double top, and one final squeeze of the last of the retail demand by The Market with a quick trip to the psychological level of 70k before distribution cycles take us back to the start of the cycle down to $25-28k.
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