Risk Assets Crash Tests Fed’s Resolve – Ep 770
The Peter Schiff Show Podcast
00:00
The Head and Shoulders Top Pattern in Bit Coin
Bicon also finally completed the head and shoulders top pattern that i had been forecasting on this podcast would be completed. The projection of that move is well below 30 thousand. We're going to have a crash that may usher in some type o dead cat bounce. Maybe we'll get a tradable rally in bit coin close to 20 thousand. That may be the new resistance. Even if it goes sub ten thou it might bounce under there. But you have to sell into that rally if for some reason you still own it, or maybe you took a punt on it and bought it during the crash.
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