Bitcoin just broke the neckline on H&S pattern
It wasn't that long ago that Dr. Burry tweeted about bitcoin head and shoulder pattern from the first bitcoin peak.
Another bearish head & shoulder pattern has just broken the neckline on the right shoulder.
This pattern on the daily fits closely with a larger Wyckoff / Fibonacci pattern I have been charting last year.
Bearish sentiment and rotation to risk-off assets would also confirm this bearish trend.
I would expect long whales to begin to capitulate now.
Margin calls into January and a bounce in Feb/March.
Just my observations, not financial advice.
I'm wrong more often than I'm right.
Another bearish head & shoulder pattern has just broken the neckline on the right shoulder.
This pattern on the daily fits closely with a larger Wyckoff / Fibonacci pattern I have been charting last year.
Bearish sentiment and rotation to risk-off assets would also confirm this bearish trend.
I would expect long whales to begin to capitulate now.
Margin calls into January and a bounce in Feb/March.
Just my observations, not financial advice.
I'm wrong more often than I'm right.
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