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๐จ#BTC Head & Shoulders๐จ
BREAKING: There is no Head and Shoulders Pattern
For all the endless bellyaching about an H&S Pattern, the truth is we have only seen an H&S-like "formation."
And
The difference between a completed pattern and like-formation is the difference between Professionals and Amateurs
A formation is nothing until it Completes (is confirmed), which in this case would mean a Daily close below the horizontal (and for me, I would want a close below all wicks as well (Clean BoS)
Everyone trying to assume the Break is and has been gambling and Shorting support.
โ ๏ธSTUDY losing tradersโ ๏ธ
Learn everything you can about how the losing traders trades
Identify on the chart where they enter, where they place their stops, & where they get trapped
Then, begin to formulate trading plans/strategies that allow you to join the trap setters utiliIng an edge-based approach
Today, we are announcing that MARA has purchased $100,000,000 worth of BTC. And effective immediately, we are once again adopting a full HODL strategy. Learn more about our #Bitcoin Strategic Reserve:
MVRV Z-Score mid-cycle correction.
I first posted this at the local high and got a lock of flack from reply guys saying 'this time is different'.
Once again though MVRV Z-Score has found mid-cycle resistance in this 2-3 zone and has corrected...just like every other cycle ๐ค