Bitcoin going to $9,000We might be out of the woods alongside with the US equity market, judging by $M2 and many other factors.
We've seen H&S quickly evolved into the recent shortage of dollar supply which lead to a temporary dragdown across the board, and later being resolved by FRB promising 'infinite money supply'.
We are currently forming a Inverse H&S pattern with a measured target of $9,000, it will be confirmed once we get across $7,000 resistance.
Statistically, this pattern has a success rate of 72.77%, the validity of it has been verified by diminishing volume into the breakout and the recent strong price action.
Longer term speaking we are at accumulation levels and has a great potential to grow from here. Historically it will hit the peak a year after halving happens.
However we should be prepared to see 'sell the news' near that halving event day, use low or no leverage.
###This is not an investment advice, trade with care with your own risk!###
