On the Daily time frame Bitcoin appears to have printed a bearish harami. On the intraday 30 minute line chart I traced out an Inverse Exotic Dragon Pattern. Within the vicinity of the head is where a typical tail target tends to end. However, they can be shorter or much longer, hehehe.
So what's up with the 'potential' Bitcoin price meltdown? It's a catchy phrase, lol!
I believe that the printed daily harami will get knowledgeable bulls worried due to a sentiment change. Let's get a close below and turn it into a 'Bearish Three Inside Down' pattern, YEAH!
In my humble opinion...........
So what's up with the 'potential' Bitcoin price meltdown? It's a catchy phrase, lol!
I believe that the printed daily harami will get knowledgeable bulls worried due to a sentiment change. Let's get a close below and turn it into a 'Bearish Three Inside Down' pattern, YEAH!
In my humble opinion...........
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Update coming in new chart idea.Trade active
Continuation to this idea has been posted in a new idea.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.