In terms of chart patterns, this to me looks like a Head and shoulder formation.
That being the case, we are coming close to a critical point in time. If the pattern fills out at the neck line and goes North everyone is happy.
If it goes south there will be a cohort who will be extremely excited at buying BTC at a fantastically low $6500 in the coming weeks.
Do you agree that this is a Head and Shoulders pattern.
That being the case, we are coming close to a critical point in time. If the pattern fills out at the neck line and goes North everyone is happy.
If it goes south there will be a cohort who will be extremely excited at buying BTC at a fantastically low $6500 in the coming weeks.
Do you agree that this is a Head and Shoulders pattern.
We are definitely in the Bull cycle. We are looking at prices of
€51K in early March ( 6th approx) as a peak in Elliot wave leg 2-2
€44,500 towards the end of March ( 27th approx)
followed by leg 4-5 to 61K in April 2021.
At which time we will enter the abc phase of Elliot , to find prices dropping and rising and dropping , before we move into a repeat of this current bull run, as part of the Leg 2 of the Super Cycle.
Happy days .
Thi is my my view of forecasting what may happen in the coming 6mths. It is not financial advice . Do your own research prior to risking your hard earned money in trading.
€62K / BTC in