I've noticed the same pattern in bitcoin, but on a much much bigger timeframe. I'm going to call it the Trinity Pattern. I wonder how long will this last.
I believe that this could be a start of a parabolic advance. A close above 0.00545 satoshi would complete the pattern.
70$k-ish is the target for this head and shoulders pattern, but that DOES NOT indicate a top or even a small top. It's obviously still a bull market, and it's not going to end any time soon, Probably by the end of this year though, although it can go up FOREVER LAURA(;
It needs to close above 2000$ for the pattern to be completed. After that the target for the triangle would be 2500$+. Of course I think it'll go much higher.
Target: 168 Stop loss: Weakly close below 120
This looks like a possible senario. 250k-350k+ by the end of this year, then it drops 60-80% (Sorry Saylor(: so basically another 1 red 3 green candles.