2021-10-19

If BTC Breaks Out

I saw someone mention this pattern could be in play, but it would take months for this to unfold. This is a rarely seen pattern. Last I saw it widely discussed in a major market was 2008 I believe. Here is one example.

Everyone gets something if this plays out. Bulls might get a double in which case bears then get a 75 percent drop, which I suspect would eventually turn into 90ish-plus percent loss foro anyone buying near the top.

Here is an explanation of the pattern: 3 Peaks and a Domed House

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