This is a charting of Gareth Soloway BTC $20K Prediction, which he made prior to his accurate $30K prediction a few days prior to it happening by him using the head and shoulders pattern.
The process includes measuring the top of the head to the neckline of the right shoulder and then you map that same figure downward to find your bottom for the big drop. And so for BTC, that measurement was $19K. And that’s exactly what the big drop was. So his second big drop (suckers rally) he’s using that same neck line continuing to the right, to project $49K as the next high prior to the second dip to $20K, which is the area support/resistance below the $30K support, as seen in the chart prior to the big rally.
The process includes measuring the top of the head to the neckline of the right shoulder and then you map that same figure downward to find your bottom for the big drop. And so for BTC, that measurement was $19K. And that’s exactly what the big drop was. So his second big drop (suckers rally) he’s using that same neck line continuing to the right, to project $49K as the next high prior to the second dip to $20K, which is the area support/resistance below the $30K support, as seen in the chart prior to the big rally.