Bitcoin May Form Head and Shoulders Top - Be on Guard

12 Jan 2021

Some people see the price start to recover and think.. wow, it's going to get back on track.

But Head and Shoulders is like a final performance..
it could be the final top... though now is too early to tell.

12 Jan 2021

Nota

I find it amazing

How BTC price... bit by bit... in 12 hours...clawed its way back up 5000 dollars. However, this is still looking like the formation of a right side shoulder.

Here is a closer view of the action

12 Jan 2021

Nota

So look at this mini Head and Shoulders...

It looks like someone drew it, right? That's usually selling manipulation by bots.

It so far also confirms price may not recover to the upper levels any time soon.

One never knows. Trade safe.

13 Jan 2021

Nota

According to this TA

The triangle dictates a breakout is immanent shortly

Down or Up?
I can't make up my mind.

One one hand, the shape looks like a local 'double bottom'
At the same time I saw whale coin movement within the last hour
And the stock market they say is about to go down.

Either way, volatility should be coming.

14 Jan 2021

Nota

I hope you are all coming back time to time to read this update...

Jan 15 --- MAY BE A VERY BAD DAY. --- Tether is scheduled to respond to a Federal inquiry from last year. Google this fact if you don't remember. That deadline expires on the 15th (Friday) and if the news is negative, send BTC in a lightning spiral down.

And now that I think about it... seen whales move a lot of tether these past few days.

In the meantime, we seem to be in a channel that can lead up another 1k BTC