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$BTC head + shoulders + falling wedge--1hr/4hr/daily $SMST $MSTR
Bitcoin has been in a downward falling wedge on the 4-hr since Jan 6th when it went back to $102,735. Besides a push back up today after falling below 90k, BTC has been showing more and more weakness as we approach inauguration day this Friday.
Beyond the falling wedge; a head and shoulders pattern has formed at the 1hr/4hr/daily timeframes. The price targets on the downside are $80,800 and $74,125. After that, a drop to $69,000 is not out of the question before we can try heading back up.
I think this will see
MSTR drop to $150 or below (possibly even closer to $100-120.
I am buying
SMST shares in large quantities every time BTC pumps. Anything $5.50 and below is an easy buy in my opinion.
When MSTR drops by $200-225,SMST will approach the $18-20 range!
Beyond the falling wedge; a head and shoulders pattern has formed at the 1hr/4hr/daily timeframes. The price targets on the downside are $80,800 and $74,125. After that, a drop to $69,000 is not out of the question before we can try heading back up.
I think this will see
MSTR drop to $150 or below (possibly even closer to $100-120.I am buying
SMST shares in large quantities every time BTC pumps. Anything $5.50 and below is an easy buy in my opinion. When MSTR drops by $200-225,
SMST will approach the $18-20 range!
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