Short

Logscale Bearish Butterfly and Bearish ABCD Attempting Retest

Updated

This is a potential Logscale Butterfly at the PCZ of a logscale ABCD after declining 50 percent from the low to high of the Butterfly on the first attempt at breaking the PCZ. This may be the second attempt to break through the PCZ which if it fails could take us down much lower towards BTC's lifetime POC.

Note

The 20k support area has broken and bearish trades are now back open. first target is the long awaited gapofill at 9.6k

RizeSenpai

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Bearish Logscale Butterfly with Buyer Exhaustion on Daily RSI

by RizeSenpai

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