The market looks like it really wants to close the head and shoulders pattern and send us back to $20K according to the chart. I’m impressed with all the buying that seems to be fighting it but I wonder if the buyers will be able to stop the pattern from completing. From what I’m reading, most of the buying is coming from big banks, which seems unusual timing given the credit crunch they are experiencing.
I have been reading many charts
Head shoulders 20k
Cup handle 50k
Those patterns are really noise imo
We should be at +40k for my thinking and will get there, I guess even not that long …. We will see what the coin is gonna bring …
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