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The breakout is almost here

lieutenantdan - 2024-10-28 21:28:51

Bitcoin is about to break out


If you have followed the chart pattern you would know that bitcoin is about to break out.


You can call it a cup and handle pattern or an inverse head and shoulder pattern.


Either one works and either one has roughly the same measured move.


Here's how it looks:



(Source: https://x.com/cryptorecruitr/status/1850995244440883564/photo/1)


We are looking at a move much higher than this either way.


If we had the depth of the head to the breakout point, we are looking at a price of something like $125k.


That works for me!