Hello traders, following up from my price structure post for BTC/USD (chart is shown below), I have now spotted a bearish three drives pattern indicating a move to 1600 before the drop.
It will be interesting to see how this trade develops over the next several months, it may amount to nothing or one hell of an opportunity... We'll soon find out!
Connect with me below for more training inspiration :)
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We're now approaching the all-time high, keep an eye on the move up to $1600.
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Price is still pushing up, we're now closing in on $1600 and here is what I see happening.
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Price failed to close above $1600, this is where the dump begins :)
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