So if you have noticed, Bitcoin has almost finished forming the famous Head&Shoulders pattern. This pattern is very accurate when it appears after a strong bullish trend. Let see how Bitcoin will react in the coming few hours and if the neckline will break. In the "Links to Related Ideas" I have posted a link for the same pattern that appeared on the EURUSD. Once it was active, it went for a free fall. Will this also happen to Bitcoin?, Thoughts? - Abdulla
$4500 is where I think it's headed, and people are going to be in for a big surprise. Though one thing I've learned is that Bitcoin doesn't care what you think about it, haha, it's going to do what it's going to do.
Allroad
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It is possible, but first my symm triangle needs to compete and break out DOWN in about one day (see my ideas). Then your H&S will complete for sure.
gtomi001
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Good afternoon Sir!Little hard dicision for me.Mr. EXCAVO's prediction is long for BTC/USD.Your predicticion is short.You are both good analytic.Hard decision...
abdullatrader
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@gtomi001, Thanks a lot for your kind words. I'll make sure to update the idea once we the pattern is active. Don't forget that BTC/USD won't be bearish unless the pattern is active and ready to move.
gtomi001
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@AAlFadhala, Thank you Sir for lot of help
FOMOSAPIEN1
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@gtomi001, EXCAVO's prediction is not long, it is a triangle (neutral)
waseemshamieh
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Most likely,
Check my idea and give me your opinion Abdalla . Thanks