BitcoinUpdated BTCUSD extended pennant of doom 2.0
This looks familiar, doesn't it? The whole setup from SW activation ($4400) looks eerily familiar to the breakout and slow movement around 3000. This is just an idea and/or framework for placing bids/asks in the coming weeks. If we don't break @4700, this pattern is probable based on supply/demand zones and the overall market sentiment.
Relating somewhat to the current structure, we should see an extended top at 5200 if 4700 breaks upward, in accordance with btc blow off-complex top structure presented in a previous idea.
Relating somewhat to the current structure, we should see an extended top at 5200 if 4700 breaks upward, in accordance with btc blow off-complex top structure presented in a previous idea.
Note
Notice also the AB=CD pattern right at the neckline of the inverted h&s. lot's of patterns contradicting each other.Note
If it turns out to be an impulse wave v of VNote
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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.