The inverse Bitcoin ETF for short side trades seems to be forming a bearish gartley pattern.
In this pattern, we would see a move upward, before a correction back down.
For me, this could be a signal of a coming 20% drop on BTC before initiating the bull rally.
In this pattern, we would see a move upward, before a correction back down.
For me, this could be a signal of a coming 20% drop on BTC before initiating the bull rally.
Note
broken through value area low, although we still get a temporary pump here at the liquidity zone, I do not believe this scenario will play out. 
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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.