After a very nice run up, it's time for bitcoin to cool down. Seems to be rejecting the 0.618 fib of the previous swing high, forming a bearish butterfly harmonic. Time will tell if this plays out.
I major in launch programs to the moon and this is my latest schematic for the AMC Program dubbed: Doritos And Popcorn. The last move from roughly 8.31 to 72.62 was roughly 500% in 2 weeks! Get ready for the next wave. I'm thinking on the safe side half of the last gain but, from an optimistic point of view since it was a bigger move this time I'm really thinking...
Ever Want To Be The Lead Role In A Movie?!
For those of you that didn't get tickets to star in the movie don't worry Netflix is making a documentary about.
The previous low, which was much higher on the chart was a better option. (Marked in Green)
Somehow I remember measuring that but it just didn't fit right.
Oh well, onward and upwards :D
Well, the break to the low side was a fake out of the wedge pattern.
Dragging stops is important after a breakout. A good breakout with momentum will not return for days.
The confirmation of the second low on the wedge pattern was questionable. It didn't quite meet my criteria but I went with it.
Price dropped and soon returned back towards the lower trend...
