On the BTCUSD weekly chart there are a number of bullish patterns with a strong potential to emerge.
1. Inverted Head & Shoulders - Possible inverted head and shoulders formation with a breakout above $800 USD. Once we get confirmation and breakout, the measured target would be $1200 but i suspect some psychological resistance around $1000 USD. That might not mean much with all the negativity surrounding the us elections, US Dollar Index and economic collapse (which has started imo); regarding the debt bubble we're in.
2. Cup and Handle - 50% Pull back for handle formation and then retest of the new ATH. If this breaks we're heading to $2000+ before the end of 2017.
Anyways, who knows for sure. Great time to be alive BTC is a game changer; super grateful to be on this ride. Good luck to all. Thanks for supporting Bitcoin - in a world with so much going wrong, BTC and its supporters stand as a beacon of hope for much needed change.
Darumbal
1. Inverted Head & Shoulders - Possible inverted head and shoulders formation with a breakout above $800 USD. Once we get confirmation and breakout, the measured target would be $1200 but i suspect some psychological resistance around $1000 USD. That might not mean much with all the negativity surrounding the us elections, US Dollar Index and economic collapse (which has started imo); regarding the debt bubble we're in.
2. Cup and Handle - 50% Pull back for handle formation and then retest of the new ATH. If this breaks we're heading to $2000+ before the end of 2017.
Anyways, who knows for sure. Great time to be alive BTC is a game changer; super grateful to be on this ride. Good luck to all. Thanks for supporting Bitcoin - in a world with so much going wrong, BTC and its supporters stand as a beacon of hope for much needed change.
Darumbal
Comment:
Right on track
Comment:
FOMO yet to come?