- You haven’t seen this inverse head and shoulders pattern before! The price of bitcoin is going sideways, so I had to do more research and find something new.
- 30400 USDT is a profit target for the Head and Shoulders pattern, which is strong resistance. It’s the measurement target of the HaS + previous symmetrical triangle point of control (POC).
- The 5–10-year bear market is not confirmed yet, so do not fall for it! First, the bears need to break the 17500 USDT level to confirm this scenario.
- The stock market is crashing like crazy, but Bitcoin is extremely durable. So good, right? Or so bad, if you are in a short position.
- As per my Elliott Wave analysis, we have started the uptrend with an impulsive structure (9 waves), which is definitely a great sign, because 5-9-13-17 waves are impulsive, while 3-7-11-15 are corrective structures. An ABC correction of the previous impulse has also been completed successfully.
- Is this inverse head and shoulders pattern the last hope for the bulls? I think so.
- Is this the last time we can purchase bitcoin for less than $20,000 USDT? Not sci-fi.
- Is a 5–10 year crypto winter possible for the crypto market? If we break below the 17500 USDT level, then yes.
- Is it possible to get 3000 USDT per bitcoin? If we break below the 17500 USDT level, then it’s actually very possible.
- Is Bitcoin a Ponzi? Yes!
- I expect tremendous gains for selected altcoins. You can find them in the related section down below.
Bitcoin – You haven’t seen this before! (secret)
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Professional trader and analyst. My specialization is in Elliott Wave Theory, Fibonacci tools, chart patterns, candlesticks, and price action. To analyze market structure, I use market profile and volume profile in my trading system. To analyze trends, I use trendlines, VWAP, and simple moving averages.