Sherem

BTC, Inverse Head and Shoulders or Continuation?

COINBASE:BTCUSD   Bitcoin
If we look at BTC, we are getting the same type of lethargic moves that we had before. Unfortunately, this leads me to believe another move down is in the cards. I don't think we are going to get a MAJOR move up until Jan at this point, unless we get some surprise ETF news in December to drive the markets higher. The only glimmer of hope is that we possibly could be forming an Inverse Head and Shoulders pattern. While I do not like the pattern, it's still there at a slant. We should get a move to the 5k area if we break up, or 3k if we break down.

Happy Trading and Hodling,

-Sherem

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