Bitcoin
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Double Bitcoin Head & Shoulders

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Bitcoin just broke the right shoulder of a H&S which will lead to breaking the right shoulder of this massive H&S pattern if it reaches its target. My short term price target is $6600.
Bình luận
Looks like the trade needs longer than I anticipated. My target is still valid although BTC will need to build more momentum to break through the neckline.
Bình luận
Trade is green though.
Bình luận
Although it took longer than expected we just hit $6600 and are losing further ground.

I think BTC will continue to fall further to somewhere between $1500 and $5000.

That is a pretty wide spread but the magnitude of this H&S is making it difficult to make out an exact target.
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