LINK Completion of Bearish Butterfly Pattern - Harmonics
LINK/BTC has come to completion of the bearish Butterfly pattern after 472 days, now we are on the move to targets, respectively green bookmarked lines on chart.
It doesn't mean won't swing, it just means we are going to first target without making new highs again, don't be a believer! #short
There's also some bearish divergence and bearish hidden divergence on RSI , so down and continuation of downside.
We could expect a bounce reaching first target since it's also strong support between first and second target we will most definitely bounce. 0.38 and B point of the pattern (conservative target).
Other targets are 0.618 fib level and point A (this last one I really doubt we'll meet, maybe next year :)
PM for more info.
It doesn't mean won't swing, it just means we are going to first target without making new highs again, don't be a believer! #short
There's also some bearish divergence and bearish hidden divergence on RSI , so down and continuation of downside.
We could expect a bounce reaching first target since it's also strong support between first and second target we will most definitely bounce. 0.38 and B point of the pattern (conservative target).
Other targets are 0.618 fib level and point A (this last one I really doubt we'll meet, maybe next year :)
PM for more info.
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