Bigger picture- 9 hr chart shows a bearish butterfly forming.. we are currently on the 50% retracement of it.. at 4.05.
Should the pattern move up in price above this 50% retracement it will form a beautiful butterfly pattern above 5.16.
Note: we are currently forming a crab pattern which once completed would be the propelling force to higher highs (if it completes).. so a couple of things have to happen- the crab needs to complete (to do so will take us below the 50% retracement support for a short moment- maybe in pre-market).. and if it does it takes us to 5.16 mark.
The previous chart had us selling a bit earlier on the smaller patterns of the chart (which you can see) .... but now we can zoom out and see the max possible potential.
LIKE AND SHARE- Thanks / Cheers...and remember to buy Bitcoin!
WOLFPACK
Should the pattern move up in price above this 50% retracement it will form a beautiful butterfly pattern above 5.16.
Note: we are currently forming a crab pattern which once completed would be the propelling force to higher highs (if it completes).. so a couple of things have to happen- the crab needs to complete (to do so will take us below the 50% retracement support for a short moment- maybe in pre-market).. and if it does it takes us to 5.16 mark.
The previous chart had us selling a bit earlier on the smaller patterns of the chart (which you can see) .... but now we can zoom out and see the max possible potential.
LIKE AND SHARE- Thanks / Cheers...and remember to buy Bitcoin!
WOLFPACK
Note
Completion of shark pattern will be around 3.50 and if it fails pricing will be 3.86- anything over this (if another bearish harmonic does not develop) is ProfitNote
Aslo pricing could come up momentarily before dumping and bouncing off 3.85... we have to see what develops
Moorsc0de aka Crypt0nomics aka Zaphkiel
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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.