BTC $150,000 is cooking 🔹 Current price quite healthy, being above the white support line. (green arrow shows latest bounce from it) 🔹 Inverse Head and Shoulders (blue) setup still cooking. 🔹 Global M2's chart backs the bullish move up even further. (see here: ) 🔹 Gold's recent meteoric run-up backs this move up even further. (see here: ) This is all great. Anyone who is worried about Bitcoin is doing so out of emotion rather than rationality. You have to actually wait for sometihng to break down to be concerned. Nothing has broken down.

$BTCUSD H&S continuation is possibly followed by a pullback. Historically, H&S continuations are followed by pullbacks and re-tests more often than straight rallies. 8 year data on H&S continuation suggest that Type 2 breakouts are more frequent than Type 1 breakouts.