BTC, you're on a slippery slope

2023년 10월 12일

Just sharing my idea of a possible H&S pattern, which could be triggered once BTC breaches 25K level.

This then could take us down to 18K's.

That's a big drop.

On a larger scale, if we are in an accumulation pattern before a run up, a dip would look better on the grand scheme of things, in my opinion.

H&S pattern would be less probable if we can get up to 28600's and stay above that level.

2023년 10월 14일

노트

Let's zoom in on the right shoulder:
Falling wedge break into a flag-like pattern, how will it resolve?

2023년 10월 22일

노트

Seems like this H&S pattern is less and less likely, as the crypto market heats up. Only real danger here would be a total crash of all markets which then would pull BTC down. Could be something related to yield-curve inversion/war. Until then it seems like it's most likely range or up.