Hello traders, here we have BTC/USD with a bearish shark pattern on the 1h chart.
The measurements for a valid shark are detailed below.
C: 1.13 - 1.618
D: 1.618 - 2.24
Final X to D: 0.886 - 1.13
This pattern could form an X to D of 1.13 but I find it unlikely... If it does it would create a valid bullish 5-0 pattern.
Feel free to connect with me below :)
The measurements for a valid shark are detailed below.
C: 1.13 - 1.618
D: 1.618 - 2.24
Final X to D: 0.886 - 1.13
This pattern could form an X to D of 1.13 but I find it unlikely... If it does it would create a valid bullish 5-0 pattern.
Feel free to connect with me below :)
Note
We've now started the move lower, the ascending channel has been broken.I expect further declines over the next 2 weeks.
📈 Master the Art and Science of Trading: sixfigurecapital.com
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📈 Master the Art and Science of Trading: sixfigurecapital.com
Related publications
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.