Head and Shoulders Pattern in Bitcoin

BTCUSD

Call me crazy, buy I’m seeing a Head and Shoulders Pattern in Bitcoin, and I’m not the only one. www.youtube.com/watch?time_conti... . 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

Komentarz:

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.