samfanderson1597

BTC head and shoulders

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BITSTAMP:BTCUSD   Bitcoin
This is a measured move that may come to fruition. Would currently be forming right shoulder. If we break 42k, then it would be confirmed. Total measured move is a drop to 15k-17k. I don't necessarily believe that this will happen, but I think 2022 brings weakness in Equity markets with rate hikes and BTC is basically leveraged SPY or high beta equity. If it plays out, i'll buy the dip with everything on low leverage and I think this scenario would be max pain for most traders and hodlers.

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