UnknownUnicorn59736

Yet Another Basecamp Setup As We Climb Mount Bitcoin.

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BITSTAMP:BTCUSD   Bitcoin
Nothing new, nothing we haven't seen before during this almost 3 year long bull run. Just another solid basecamp H&S confirming after a 40% pullback before barreling onward & upward. This month long price structure is perhaps the single biggest reason I'm not expecting price to pause here for a week to form that classic C&H pattern, but rather just move aggressively into new ATH territory after 1 or 2 days of narrow range consolidation, typical of a classic H&S reversal, despite it's 'basecamp' location.
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