What I'm watching (explained in detail)... 👀

1. Reverse head-and-shoulders

- Left shoulder

- Head

- Right shoulder

2. Breakout

3. Re-test

4. Next move (rip higher)?

#bitcoin

Just my guess. It won't be perfect. You do you.

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Discussion

Charts don’t predict what happens next.

He gets pretty dang close. Excellent track record! I don’t trade though, just stack.

Correct.

Thanks Doc!

Definitely.

True but it does mean something as enough people believe it and put money at stake based on lines on charts

“it’s not a lie if YOU believe it” - George Costanza

Feels right

ye olde trendline

I have an ascending wedge whose support line we just tested and fell through but my guess is that's just a submerged beach ball and we'll pop back up into the ascending wedge pattern.

Zoomed in view:

Didn't you say that before? Meaning this is all according to plan? That was my first thought when I saw the move down below 115. Send it.

That line definitely feels worthy of a buy. I’ll take it.

GOAT

What percentage of your drawings have been predictive?

0-1%

There’s always a market for hopium!

It feels like we need a “raised arm” pattern to follow this- it’s basic really

You nee to draw more lines, then we will know exactly whats going to happen!

Yeah - I doubt it's all over.

We're just getting started.

Nice graph Jeff. I’ll kindly disregard and continue converting all incoming dollars to bitcoin 😄

Shakeout before the breakout.

Healthy retest

Oh no, he's been battin a 1000 lately (from what I've seen)

Where do you get your inspiration for drawing lines between past price points?

50 dma

Too

Man I understand why you left twitter but wish you were there. I don’t check this often. GL sir love your opinions

LFG

Damn you are on fire

What’s your view on MSTR today? Seems it’s underwhelming a lot of investors expecting it to be higher beta BTC