BitcoinUpdated Still waiting for the blow off top?
Not that I want to be bearish and this is probably way too much so, it's just what the chart is telling me. This cycle was not similar to the last because because people didn't have to buy BTC to buy Alt-coins. Now BTC's broken it's rona uptrend line after putting in what could be a double top that is now printing whats look like a head and shoulders pattern with a targets sub 20K. If I've learned anything recently, it's that assets like to give full moves back before continuing on, so BTC going back to 20K wouldn't be that crazy but, it would be short lived.
Trade closed: target reached
The head and shoulders Played out almost to the T. Trading patterns are amazing!!!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.