Bitcoin H&S Target Down Touched Precisely! Amazing Technicals Playing Out Here!
#bitcoin #btcusd #crypto #cryptocurrency #bottom #targetdown #bottomfinder #reversal #bearmarket
With absolutely amazing technical precision, Bitcoin has now touched our target down for the Head-and-Shoulders pattern I drew in the fall of last year! This is all I wanted to show you. Take it for what it's worth. I am not going to make predictions based on this. At this point, I am tired of making predictions and being wrong. I doubted all along that the H&S pattern would play out. It did. And here we are. This is why I love technical analysis! If this whole bear market has taught me anything, it's this: Throw out all the hype. Throw out all the bias. Put all the noise aside. As one of my paid subs did, even unsubscribe from YT influencers. Get rid of all the hype and focus on the charts. What are the charts telling you? Learn from my mistake this past fall when I ignored the blatantly obvious H&S pattern because bullish bias was so strong, etc.,etc. The charts are almost always right. And if they are wrong? Chances are we are missing something they are trying to tell us.
So now what? Is this the bottom? Let me know what you think in the comments below.