$53k BITCOIN before $37k and then ATH???!!!
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Here we see a scenario where we could be repeating the H&S shoulder pattern on the 1D and Weekly chart. This is one individual scenario of this H&S pattern that could easily still find a lower point in a few days or even weeks before moving up towards the peak of the right shoulder. But in this individual scenarii the green circle marks the area of the low point of the dip on December 4th. That point could already be the low point and starting point of the right shoulder that peaks at around 53k. After we reach 53k, i order to complete the pattern we would then have to go down to about 40k and eventually even about 37k before we then get to a new ATH.
I want to emphasise two things, one that this is only one of many scenarios that can play out, and two that we can still find a lower point to complete the head and start building the right shoulder before we potentially head to its peak of about 53k.
The only downside would be that the last time this pattern completed, we only found a relatively small new ATH in comparison to the previous one.
I want to emphasise two things, one that this is only one of many scenarios that can play out, and two that we can still find a lower point to complete the head and start building the right shoulder before we potentially head to its peak of about 53k.
The only downside would be that the last time this pattern completed, we only found a relatively small new ATH in comparison to the previous one.
Nota
🙂
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