Head and Shoulders Pattern in Bitcoin

2018年1月8日

BTCUSD

Call me crazy, buy I’m seeing a Head and Shoulders Pattern in Bitcoin, and I’m not the only one. youtube.com/watch?time_continue=95&v=lOLqnRFembw . Don’t care about getting the credit for calling it or anything like that either way.

If the pattern gets confirmed, with a break below $12,200 dollars, that will give us a price target of about $5,542.85 dollars. Now, I am not saying that is going to happen, or that it is going to go that low. But a big decline might lay ahead.

Either way, I just sold all my positions and I’m taking refuge and staying in USDT Tether for now, coinmarketcap.com/currencies/tether/ , just as a precaution. Looking to buy back in my old positions after the decline is finish.

Good Luck in your decisions

2018年1月10日

注释

In case the Head and Shoulders Pattern does not materialize, and we do not break the $12,000 USD barrier required to confirm the pattern. An alternative possible scenario will be that we are making a triangle. Either way, the jury is still out, everything is still possible, and I’m still waiting on the sideline for at least one or two more weeks.