BitcoinLong
Bitcoin going to $9,000
Updated
We might be out of the woods alongside with the US equity market, judging by 
WM2NS and many other factors.
We've seen H&S quickly evolved into the recent shortage of dollar supply which lead to a temporary dragdown across the board, and later being resolved by FRB promising 'infinite money supply'.
We are currently forming a Inverse H&S pattern with a measured target of $9,000, it will be confirmed once we get across $7,000 resistance.
Statistically, this pattern has a success rate of 72.77%, the validity of it has been verified by diminishing volume into the breakout and the recent strong price action.
Longer term speaking we are at accumulation levels and has a great potential to grow from here. Historically it will hit the peak a year after halving happens.
However we should be prepared to see 'sell the news' near that halving event day, use low or no leverage.
###This is not an investment advice, trade with care with your own risk!###
WM2NS and many other factors.We've seen H&S quickly evolved into the recent shortage of dollar supply which lead to a temporary dragdown across the board, and later being resolved by FRB promising 'infinite money supply'.
We are currently forming a Inverse H&S pattern with a measured target of $9,000, it will be confirmed once we get across $7,000 resistance.
Statistically, this pattern has a success rate of 72.77%, the validity of it has been verified by diminishing volume into the breakout and the recent strong price action.
Longer term speaking we are at accumulation levels and has a great potential to grow from here. Historically it will hit the peak a year after halving happens.
However we should be prepared to see 'sell the news' near that halving event day, use low or no leverage.
###This is not an investment advice, trade with care with your own risk!###
Trade active
SoonishTrade active
It's half way there, right under a key resistance. We'll continue rallying as long as the S&P500 don't go below the Adam&Eve neckline. Everything seems to be breaking out today.Note
Retest of neckline support done. Bought more. Moved stop to $6460
YouTube goo.gl/BkRuQL
Twitter twitter.com/vilasignal
Twitter twitter.com/vilasignal
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.