Long Term Bull: Big Head and Shoulder

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Right now we are in the middle of a big H&S. I believe there will be a good opportunity to short this week with a PBoC announcement around the corner, probably compulsory KYC regulations for Chinese exchanges.

After that, close mid 800's and buy in long for the moon.

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ملاحظة

The "µ" shaped fractal will form and then after that we go down, as illustrated. PBoC announcement still pending.

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ملاحظة

Slid the drawing over slightly because timing was off, but it did play out. Top support on the original chart on this page hit exactly earlier today.

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ملاحظة

RIP anyone who was still long on Bitcoin. If you followed the advice for the head and shoulder you would have pulled out at the upper resistance point I had marked with a yellow dotted line.