Not investment advice. Not a professional.
IDEA: BTC completed a Bullish Cypher Harmonic, so likely up a bit for now at the very least.
Previous post proposed possible Expanding Symmetrical Triangle forming. I'm in the camp that would be bet this Bull Run isn't over yet but a larger correction will happen at some point in the near future before we make any more meaningful moves up. I'll never say never, but a dip to $40k or below rn just seems a little out of reach given the current market sentiment IMO.
If I had to bet, I'm thinking we're currently forming the HEAD of an INVERSE HEAD & SHOULDERS PATTERN. Just like the stock market, I don't think BTC is quite done consolidating yet. I think we'll see one more Bull Trap to a slightly higher high around $68k > a modest pullback > then off to the races again.
Or I'm completely wrong, who knows. Cheers.
IDEA: BTC completed a Bullish Cypher Harmonic, so likely up a bit for now at the very least.
Previous post proposed possible Expanding Symmetrical Triangle forming. I'm in the camp that would be bet this Bull Run isn't over yet but a larger correction will happen at some point in the near future before we make any more meaningful moves up. I'll never say never, but a dip to $40k or below rn just seems a little out of reach given the current market sentiment IMO.
If I had to bet, I'm thinking we're currently forming the HEAD of an INVERSE HEAD & SHOULDERS PATTERN. Just like the stock market, I don't think BTC is quite done consolidating yet. I think we'll see one more Bull Trap to a slightly higher high around $68k > a modest pullback > then off to the races again.
Or I'm completely wrong, who knows. Cheers.