So I had a look to see how well this pattern fits the current bitcoin chart and it fits really well.
Chart is self explanatory.
Edit: When I created this the trendlines were aligned properly, for some reason publishing has moved them around - no idea why.
Chart is self explanatory.
Edit: When I created this the trendlines were aligned properly, for some reason publishing has moved them around - no idea why.
Note
The trendlines are in the wrong place (not my fault) but this played out, break of the main trendline at around 8100 led to a retrace to <7K
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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.