So, according to the man, the myth, the legend (but mostly a guy with a Twitter handle), “Dave the Wave” thinks Bitcoin’s doing the financial equivalent of putting on a Groucho Marx disguise: the old inverse head-and-shoulders maneuver. Classic! Only in crypto does head-and-shoulders mean something bullish instead of “you need better shampoo.”
Market Bottoming? Somebody Call The Janitor! 🧹
Our hero Dave says Bitcoin’s chart looks just like an inverse head-and-shoulders pattern—a technical term which here means: “People might stop panicking soon enough to get fleeced again.” When buyers “step in,” it’s not just a cue for optimism, it’s a cue for everyone to start pointing at lines on a chart and yelling “To the moon!” 🚀
The big news? If “the first line of resistance” gets broken (sounds dramatic; might just be another Tuesday), Bitcoin could bounce to $89,000! Of course, this is followed by a retreat to $77,000 for dramatic tension, before launching one of those legendary “new all-time highs” which is financial analyst code for “don’t blame me if it doesn’t happen.”
With a push through the first line of resistance, the neckline of a possible reverse h&s would be formed… a great basing pattern.
— dave the wave🌊🌓 (@davthewave)
Long-Term Uptrend: Still More Reliable Than a French Waiter
The bears are growling, the bulls are bellowing, and Dave says the big picture is still dandy. Apparently, BTC’s wild mood swings still fit a “consistent pattern.” In other words, relax! Those chart squiggles you’re obsessing over? The market’s just being dramatic for attention.
As Dave puts it, “Any objective observer will wonder what all the hysteria is about.” Spoken like someone who definitely has not scrolled Crypto Twitter at 2am while holding $100 in Shiba Inu. 🔥
Dave adds, “Most close-to-the-action folks are in a near panic. Why? Classic crowd madness! Also, ‘money illusion’—which is technical jargon for ‘you’re probably hallucinating about Lambos again.’”
The Bottom Line: This Bottom’s Got Bounce! 🤡📈
Here’s the punchline: Dave believes the bottom might already be in (and not just because his back hurts from all that charting). If this chart pattern holds up, we could see a rally that brings all the moonboys out of retirement and delivers Bitcoin to those sweet, sweet six figures. Maybe.
Want a chart, a crypto meme, or perhaps a visual of Bitcoin in a tutu? I could do that—just don’t ask me for financial advice, I’m still recovering from the Great Mel Brooks Tulip Bubble of 1637.
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2025-04-16 15:45