This bubble is sweet. Shorting is way more fun than climbing up.
"The projected advance after breakout can be estimated by measuring the distance from the right peak of the cup to the bottom of the cup."
Let me throw that straight. Bitcoin has very little added value and does very little. If something does little it's not worth a lot. I've been around for very long time and you can haha at me, but i started selling my BTC at 6k all the way up. From 10k lvl we entered pure mania and maybe even Wall Street manipulation to easily short this market. This is one...
We have the biggest red candle in the BTC history, the 340k volume red candle + the parabolic move indicates that the giant colapsed under it's owe weight. If we add some incoming FUD, we will have so long awaited bubble burst.
Sometime powerfull patterns work on small time frames, sometimes they don't. I take my odds.
Don't take it to serious.
Looks grim. Little crooked h&s but volume seems to match pattern.