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After spotting a potential Head & Shoulders on the Bitcoin chart last week, Graeme’s fears have been relieved, as the pattern seems to be invalidated after some sideways movement following the right shoulder.

This forced Graeme to look harder and scan the chart for new patterns developing, which didn’t take long. Just a little zoomed out, and a Falling Wedge seems to have formed, which as many traders and analysts will know is a bullish sign.

This confirms the macro bullish trend, but also gives us reason to be positive in the short-term as well.

In this week’s Market Analysis, you’ll not only see Graeme highlight the invalidated Head and Shoulders and then identify the Falling Wedge, but also see his response to missing out on a trade! Yes, we caught him in a pretty bad mood not long after we recorded Market Analysis where he had just missed out on a nice entry level on a “long” trade on Bitcoin.

We also have a surprise visit from one of Global Crypto’s most ardent traders Cornel Groenewald who was visiting from Iraq!

This week’s episode is proudly sponsored by BYBIT, where traders don’t get liquidated by random wicks. With high liquidity and great support, check them out on THIS LINK HERE.

HERE IS THIS WEEK’S ANALYSIS IN VIDEO:

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James Preston
James Preston is the Managing Editor of South Africa's first and largest news website for the blockchain industry: Global Crypto. He is a writer and media commentator who has been reporting on how the Tech industry will make the world a better place for 14 years, with a large following on South African radio. He is an early adopter of Bitcoin, and began reporting on its revolutionary capabilities in late 2014. Philosophical by nature, he is intrigued by how the world works, and in turn, how it can be bettered. James believes wholeheartedly that the world can become as close to perfect as we humans can imagine, but it will take a lot of effort (and time) to get there. He believes his life purpose is to inspire people to believe this, and find their place in helping humanity achieve it. James regularly does talks on emerging technology and its impact on society at Universities, global conferences, and events. To invite him to speak at your event, or comment for your media outlet, email info@globalcrypto.tv