Applying rigid textbook patterns to Bitcoin is merely financial astrology that mistakes visual noise for market logic. It provides a simplistic illusion of predictability while ignoring the complex liquidity forces that actually drive price action.
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Bitcoin Breakdown Head and Shoulders Pattern Confirmed!Added:
And I'm still short. Can you guess my current account balance? Because it started at 2 million and we're still up. And today we've seen the price of Bitcoin getting rejected off of this underside which was support and has turned into resistance. And from this chart that I drew weeks ago at this point, this cup and handle formation I said isn't a cup and handle and it's more like a head and shoulders breakdown pattern. Well, if we zoom in on that, it's been absolutely, unequivocally, 100% correct so far.
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