What I'm watching (explained in detail)... 👀
1. Reverse head-and-shoulders
- Left shoulder
- Head
- Right shoulder
2. Breakout
3. Re-test
4. Next move (rip higher)?
#bitcoin
Just my guess. It won't be perfect. You do you.
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Replies (35)
Charts don’t predict what happens next.
Thanks Doc!
He gets pretty dang close. Excellent track record! I don’t trade though, just stack.
Feels right
ye olde trendline
I have an ascending wedge whose support line we just tested and fell through but my guess is that's just a submerged beach ball and we'll pop back up into the ascending wedge pattern.
Didn't you say that before? Meaning this is all according to plan? That was my first thought when I saw the move down below 115. Send it.
Zoomed in view:
That line definitely feels worthy of a buy. I’ll take it.
GOAT
Correct.
Definitely.
True but it does mean something as enough people believe it and put money at stake based on lines on charts
“it’s not a lie if YOU believe it” - George Costanza
What percentage of your drawings have been predictive?
0-1%
There’s always a market for hopium!
It feels like we need a “raised arm” pattern to follow this- it’s basic really
You nee to draw more lines, then we will know exactly whats going to happen!
Yeah - I doubt it's all over.
We're just getting started.
Nice graph Jeff. I’ll kindly disregard and continue converting all incoming dollars to bitcoin 😄
Shakeout before the breakout.
Healthy retest
Arthur’s a little more bearish
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Oh no, he's been battin a 1000 lately (from what I've seen)
Where do you get your inspiration for drawing lines between past price points?
50 dma
Too
Man I understand why you left twitter but wish you were there. I don’t check this often. GL sir love your opinions
LFG
Damn you are on fire
What’s your view on MSTR today? Seems it’s underwhelming a lot of investors expecting it to be higher beta BTC