Bitcoin's Massive Head And Shoulder Pattern

Good day guys! This is another setup I have been eyeing. Everyone is bullish on Bitcoin! I like bitcoin, because I see it as being digital gold in the eyes of this new MMT new style of investing. I was able to spot the head and shoulder at the top and profit off it with my students. Now, the writing is on the wall with this massive head and shoulder pattern forming. It is now working not he right shoulder. If you notice the right shoulder has been forming with a rising wedge pattern. This could be a massive move back to 2017's resistance to build up support. One thing to keep in perspective is Biden's administration cannot stand Bitcoin and they have been looking to regulate it more. When it comes to technical analysis, you have to understand that a massive sell off means a scarier and massive gain in the near future. Be sure to like and comment below on where you see Bitcoin going in the future. We do appreciate you for checking out our post and remember, we will see you on the other side.

Rodrick (CEO)
Third Eye Traders