SCARIEST PATTERN OUT THERE UNRAVELING WHILE EVERYONE IS BULLISH
Updated
BTC / USD TA - BEARISH SCENARIO
Here we are looking at a possible 'massive' bear scenario also known as a 'Short-Sale Structure'. In this scenario we have 10 steps which pattern should follow through. At this phase Bitcoin has followed 9 out of 10 total steps. Scary... right? Well, as we move on further we see that potential target area if this bearish scenario was to validate would be in $3,550 - $3,400 range.
This pattern is one of the most vicious ones out there because it can blind even professional traders and TA analysts. As if we begin to zoom out, you'll discover that we don't even have any distinct resistance points at these levels and generally we would be looking at another 10% + profit, which is what any trader would be looking for in an ideal environment.
What we want to see for 'INVALIDATION' of this bear pattern is break above local resistance of $4,170
'Short-Sale Structure' - twitter.com/_Crypto_Maniac_/status/1106971670701662208
Here we are looking at a possible 'massive' bear scenario also known as a 'Short-Sale Structure'. In this scenario we have 10 steps which pattern should follow through. At this phase Bitcoin has followed 9 out of 10 total steps. Scary... right? Well, as we move on further we see that potential target area if this bearish scenario was to validate would be in $3,550 - $3,400 range.
This pattern is one of the most vicious ones out there because it can blind even professional traders and TA analysts. As if we begin to zoom out, you'll discover that we don't even have any distinct resistance points at these levels and generally we would be looking at another 10% + profit, which is what any trader would be looking for in an ideal environment.
What we want to see for 'INVALIDATION' of this bear pattern is break above local resistance of $4,170
'Short-Sale Structure' - twitter.com/_Crypto_Maniac_/status/1106971670701662208
Note
What do you guys think? Will we see the most unexcited dump of 2019 this weekend or early next week? Or will we fulfill out expectations and break over $4,170?Note
If we follow previous movement of Bitcoin over last few days, we would be looking at potential dump on March 21 (+- 1 Day) - IF we don't breakout to $4,170 (which is what I really want to see, but odds are playing against us this month)Note
I really hope this doesn't happenNote
We are still progressing into this structure unfortunatelyNote
Note
Still a lot of uncertainty
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