$BTCUSD – Bitcoin (Last:90,410)

Bitcoin tallied enough votes to remain on the list, but that doesn’t mean it will get any respect just for being here.  This week’s chart avoids visualizing an ABCD pattern that would probably prove too conventional for a rabid badger like this one. Instead, I have extrapolated an imagined head-and-shoulders that follows from the suggestive homunculus traced out so far.  If it materializes as imagined, we should see a potentially important top near 113,000 in April. And what a tedious slog that would be –unsatisfying for bulls and bears alike, since the former have long expected Bitcoin to use $100,000 as a launching pad for a moon shot to $200k or higher, while the latter, regardless of how high the king of cryptos goes, will never be convinced it is good money.

Leave a Comment