BTCUSD - Major Inverse Head and Shoulders - BTC 2018 Overview v2
Updated
Hey guys,
This is version two of my following idea:
I previously called 7900 the bottom of this downtrend. It looks like it is in fact 7800.
A major possible inverse head and shoulders could be forming for BTCUSD (and a head and shoulders for BTCShorts :D). This should detract the clever shorters with bags of money from shorting. I strongly believe in the next few days, we will easily get back to 9000 and soon after get a retouch of the 200-day MA.
All the people saying we're going to go down to 6K or 5K are simply people who are currently shorting, and drawing meaningless charts and Elliot waves that really mean nothing and are based on nothing.
The general sentiment is great with Bitcoin right now... Lightening Network is growing more and more, more institutions are implementing the blockchain, more businesses and e-commerce stores are supporting Bitcoin, more countries are supporting it.
There's just no reason at all for it to go to 6K, 5K or even 7.5K.
June will be the month things kick off...
Remember,
Patience is Paramount!
This is version two of my following idea:
I previously called 7900 the bottom of this downtrend. It looks like it is in fact 7800.
A major possible inverse head and shoulders could be forming for BTCUSD (and a head and shoulders for BTCShorts :D). This should detract the clever shorters with bags of money from shorting. I strongly believe in the next few days, we will easily get back to 9000 and soon after get a retouch of the 200-day MA.
All the people saying we're going to go down to 6K or 5K are simply people who are currently shorting, and drawing meaningless charts and Elliot waves that really mean nothing and are based on nothing.
The general sentiment is great with Bitcoin right now... Lightening Network is growing more and more, more institutions are implementing the blockchain, more businesses and e-commerce stores are supporting Bitcoin, more countries are supporting it.
There's just no reason at all for it to go to 6K, 5K or even 7.5K.
June will be the month things kick off...
Remember,
Patience is Paramount!
Note
Whilst writing the idea, I wrote 'or even 7.5k' just randomly based on nothing really and just confidence. Disregard that.
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