Here I have proposed two options for BTC
, one bullish
and one bearish
. The first, and in my opinion most probable option is that we complete our Head and Shoulders
here in the next 1-3 days and once again enter our beloved bullish bitcoin
market. Many times we see BTC
repeating previous patterns such as the one in September which I strongly believe BTC
is following currently. The H&S
which was inspired by MagicPoopCannon's idea, strengthens my prediction of BTC
following this fractal
. Now for the second and less probable bearish pattern
will break under this 8750 level and crawl down to 7k- if this occurs I will make more TA as we ride down.
I am waiting to place my longs and shorts until it either runs into 12k with momentum or dips below 8750 with room to go down.
Good Luck with trading :)
(This is not financial advice, this is strictly TA, you should not base your trades solely off of this information and should do your own research before jumping in!!! Every trade has the possibility of failing, so only put in what you are willing to lose. Lastly don't do high leverage kids)
If you liked my TA and feel generous my donation box is feeling hungry.