Bitcoin Head and Shoulders Pattern

Inversed Bitcoin chart to showcase this thesis. Not much to this idea but I would recommend saving this chart for the trendlines and levels that I have highlighted. Happy trading and happy charting my friends. We are almost there.

Here are my price predictions:

End of September - $58,000~61,000

End of October - $66,000~69,000

End of Year - $80,000~100,000

註釋

There are two scenarios I could see playing out from here...

1. We break back down and retest the $56,000 range for support

2. We continue upwards towards $60,000 in preparation for a rate cut next week from the Feds

I might be possible that number 2 comes and is followed by number 1.

註釋

Next week is extremely important for our future and the next year of price action.

註釋

Just like we drew it up.

註釋

The Election is the final driving factor.

註釋

This pattern must hold for the uptrend to continue.

註釋

68k is still that golden target to look for

交易結束：達到停損點

pattern invalidated