Head & Shoulders, Bearflag, RIP

13 Mac 2018

My apologies for the bad title but i just wanted to share this idea quickly :) The chart is pretty self explanatory. bearflag on the daily, one last push to 10k, paint the right shoulder, break down, and complete the bearflag. RIP bitcoin :)

13 Mac 2018

Nota

We might not even see a complete right shoulder before it breaks down, meaning not even gonna test 10k. Here is how another HS completed: Note that the right shoulder barely managed to form before people got the fuck out of dodge.

14 Mac 2018

Nota

Got that early breakdown, now im thinking we might get a fast bounce and an actual attempt at 10k. But lets see.

19 Mac 2018

Nota

Bitcoin is trying to establish wether 8k is support or not. I suspect this will go on for a few days. If indeed it is support, there is an emerging Pitchfork which will be interesting to keep an eye on.