Short

bitcoin pretty crash flag pennant

By fineregex

Updated

:)

Comment

Comment

for the moment mainly only wicks made it below the 0.236 resistance, denying to break it

Comment

this may only be about minutes though. Previously barely reaching the 0.61 level leaves the downtrend well intact.

Comment

or another little adam and even double bottom W, is it?

Comment

attempting breakout. only breakout above the middle / 0.618 conventionally confirms the pattern

Comment

hold on! - better triangle!
dont trade the double bottom yet. Before the confirmation the chance may only be 20% in average. thepatternsite.com/aedb.html
Yet bitcoin crash may be pending and it may just not be worth it to risk trading any short term pattern in opposite direction at this high price

Comment

be sure to check this update:

BITCOIN Bubble trend broken. confirmed twice (read description)

Comment

time for the second flag pole?

Comment

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.