Inverse Head and Shoulders on BTC, Bitcoin might go up despite

28. Aug. 2022

Very simple, and early, but in no way guaranteed. Implied Move to about 24K on this, should it play out. 8-hour Time frame. Just throwing this out there, and playing it with very modest stakes (unlevered) small long. I know I have a previous elliot wave study pointing further down, but markets don't move in straight lines, and both ideas are valid until they aren't. I may be premature in drawing the head as I still see a lower move later today. I'm thinking 19600-500 is on deck in the short term. Next few hours will let us know I think.