Last year in December I spotted a W on the one week and subsequently the shib took off. Here we are one year later this time the W, If completed, is about 10 times larger than the last one. Many assets are lining up with an early February blow through the roof. Keep your eyes open and good luck!
Trade active
Looking Good... SO FAR!!!! Note
This is going to happen!!!!! Note
As far as the W structure goes.... Everything as of now is still valid/possible. HOWEVER a close below .00001190 followed by further decline would invalidate this possibility. Bitcoin on Jan.26 closed@102,563 and then again on Jan.31@102,411 creating an M or double top. Things could get ugly depending on our positions, stop losses or lack thereof. Bitcoin COULD go all the way to 60,100. Watch for news or announcements/rumors that could reverse this current bearish trend! Remember it is tax return season. Wall Street knows this and I am sure feasts off of it annually. Nothing is for sure! *Please do your own research*Note
Still alive! Looking better. It looks like .00001073 is the bottom of this formation, it has touched twice since week of Aug 5 2024 and again this week March 10 2025. Set stop loss. Please do your own research. Not trading adviceNote
I am sorry it looks like .00001079 is our bottom
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Disclaimer
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.