BTC forecast

3 Jan 2022

It looks like we are in a right shoulder. The longer we go without confirmation (touching the lower trend line) the higher chance we fail and break back up. If we fail, we should technically retrace to the blue fib level or the top of the wedge. It is messy but looks good if that even makes any sense haha. If we get confirmation, we should dump somewhere to where the arrow is pointing. Very rough estimates but that is what I see. Again, we might get confirmation but if the right shoulder isn't similar to the left, it could end up being a fakeout.

3 Jan 2022

Nota

I forgot to mention, if we get above the red trend line (hard to see), then the right shoulder is out of proportion which means we should pump confirming the head & shoulders failure.

Also, the thicker red trend line is a level of resistance that sort of looks like an ascending triangle which actually has a target around the blue fib level confirming our idea.