Looking at Bitcoin's potential macro structure

1 thg 5, 2020

I believe we are currently in the head of an impending large head and shoulders bottom. If you go look at major historical reversals in different markets, you will recognize the V bottom price action in the head. Also, they have a high tendency for symmetry so look for a similar timeframe for the right shoulder to play out. A strong break over our 10.5 high would look more V-bottom to me and I wouldn't expect the right shoulder. Good luck

2 thg 5, 2020

Ghi chú

I believe we move up from this point. Pretty confident we are in a 4th wave correction ascending triangle, and this drop over the last hour looks like 'E' wave of tri. break back under 8.8 will look like invalidation

15 thg 5, 2020

Ghi chú

Here's how I think it's gonna play out

4 thg 8, 2020

Ghi chú

Still think you could call this a head and shoulders bottom. Never got that deep right shoulder but could argue it's a stunted shoulder. Recent throwback would be the neckline re-test and should get a measured move to around 17k.