It is a perfect bearish butterfly pattern. According to the bearish butterfly pattern,the reverse trend should start at D point which is around 30.5K. Again there is Fib level (1.618) at Point D which works as a strong resistance. So it is very possible to follow bearish Butterfly pattern. And if this happens, it is very possible to see BTC at 3-4K Range again.
Now some people might ask what I have smoked. I want to say you, i haven’t smoked anything but the pattern is so accurate that this reversal trend takes Coins to the bottom and it often happens. Moreover this is crypto market. Anything might happen. So there is nothing best without being cautious.
Now some people might ask what I have smoked. I want to say you, i haven’t smoked anything but the pattern is so accurate that this reversal trend takes Coins to the bottom and it often happens. Moreover this is crypto market. Anything might happen. So there is nothing best without being cautious.
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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.