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.
Bài đăng liên quan
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.