Bitcoin Short Idea
Most centers or pause-low of Sine Waves will be broken, before price turns in the opposite direction again.
The Big Picture alltough is a huge H&S formation that could form with a false Break of the H&S Base, where price gets rejected, after reaching the Centerline of the Pitchfork.
If this scenario plays out, we would have a huge downside potential, reaching the Lower-Medianline Parallel of the Pitchfork.
Most centers or pause-low of Sine Waves will be broken, before price turns in the opposite direction again.
The Big Picture alltough is a huge H&S formation that could form with a false Break of the H&S Base, where price gets rejected, after reaching the Centerline of the Pitchfork.
If this scenario plays out, we would have a huge downside potential, reaching the Lower-Medianline Parallel of the Pitchfork.
Note
On track.Hopefully it will hold at the Centerline. But even then, a further decline is projectetd from the prior pattern. Fingers crossex, even if we profit now.
Note
Further down...come to papa ;-)Profit or partial at the centerline.
Note
Nearing the CL.Potential rebound ahead.
Trade closed: target reached
That's it. Trade is over. Now let's see how this anymal behaves
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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.