JackRichards1987
@t_JackRichards1987
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JackRichards1987
JackRichards1987
BTC has been textbook pattern after textbook pattern in this bear market. Fun learning experience (for me anyway).
JackRichards1987
The wedge I've been waiting for over the last few weeks has finally broken down. Next stop I believe is around $13,500 and ultimately back to the long term trend line at $8,000.
JackRichards1987
We are at the end of a descending triangle in BTC on the weekly/daily. I am expecting we drop suddenly then chop around in the $12k-6k range. Historically speaking the bottom should occur somewhere around the month of November which would coincide with a likely Fed pivot timeframe. Thoughts..?
JackRichards1987
Following this since the head and shoulders formed.. Multiple bear flags followed. I don't think $15k is the bottom either..
JackRichards1987
Waiting to see if this double head and shoulders top plays out. If it does it will be like watching the Titanic sink. If we break below the $30-35k support level, dead cat bounce off of $20k on the way to the $10,000 range.Still in play. Recent patterns confirm.
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