Three Peaks and Domed House Possible? (Late Jan Peak)Possible pattern forming, would allow short leverage to wash out and bore traders to death before the drop. Could lead to a nice gain over the next month and a nice spot to re-set up shorts.
Threepeaksandthedomedhouse
Bitcoin & Lindsay's Three Peaks With Domed HouseBTC from late December 2020 to present has followed George Lindsay's Three Peaks & Domed House pattern.
Bitcoin Massive Bear Structure?Following VWMA on 6 hr time-trame, the bearish structure follows the George Lindsay 3 Peaks & Domed House.
While this is not a daily chart, the framing is strikingly similar.
Serious divergence in overall market, resulting in likely major macro-economic correction impacting all markets in 2022.
Macro factors likely driving plunge further past long-term center channel:
- All assets since 2003 valuation +1,100%
- PPI (all commodities) has doubled since 2000
- S&P500 +300% since 2011
- M1 money supply +7,300% from 1976
- M2 velocity down about 50% from 2000
- DJIA +180% from 2011
- DXY (USD index) down 23% from 1986
