The three black crows candlestick pattern is considered a relatively reliable bearish reversal pattern.
Consisting of three consecutive bearish candles at the end of a bullish trend, the three black crows signals a shift of control from the bulls to the bears.
www.investopedia.com
So, Is this "the three black crows" pattern?
It's really looks like..
It's gonna be kind of make sense if SEC planning to turn price back to pre-COVID price. They just wanna take all money they printed back. At least "money they printed".
If so S@P should be something around 3300$ (-13% more)
For BTC -13% more means something around 24000$
Let's wait
So, I thought it's gonna be the most like scenario. Why?
Cuz
a. We're still bearish
b. We have enough volatilities for manipulation and to "shave more sheep"
here we go
History doesn’t repeat itself, but it does rhyme.
If we have :
H1=(52BARS)
H2=1.45*H1=(75BARS)
H3=1.45*H2=(109BARS)
T1=(364DAYS)
T2=1.45*T1=(528DAYS)
T3=1.45*T2=(766DAYS)
H3=109BARS
T3=766DAYS
About 20 June 2022
Of Course it's just thinking out loud.
Here the same " Bitcoin 4-year Cycle " idea,
but with " Bitcoin Logarithmic Growth Curve ":
The Logarithmic Growth Curve
It’s a phenomenon to be found elsewhere in nature - something first exhibits explosive growth, then sees that growth increasingly taper off until eventually achieving a plateau. If the developing market price of Bitcoin exhibits an...
Here Yearly 4x60 Day step + about 120 Consolidation.
What are market cycles?
A market cycle refers to a pattern or repeating trend that happens within a financial market. A bull market followed by a bear market is an example of a market cycle because it's a pattern that has happened many times in the financial markets. There are many different types of market...
