Possible pattern forming, would allow short leverage to wash out and bore traders to death before the drop. Could lead to a nice gain over the next month and a nice spot to re-set up shorts.
Looking more and more like a textbook 3 Peak and Dome, anyone else think so?
BTC from late December 2020 to present has followed George Lindsay's Three Peaks & Domed House pattern.
Following VWMA on 6 hr time-trame, the bearish structure follows the George Lindsay 3 Peaks & Domed House. While this is not a daily chart, the framing is strikingly similar. Serious divergence in overall market, resulting in likely major macro-economic correction impacting all markets in 2022. Macro factors likely driving plunge further past long-term center...