NEW PATTERN SPOTTED IN BITCOIN

in bitcoin •  7 years ago 

NEW PATTERN SPOTTED IN BITCOIN

The right-angled and descending broadening formation has been spotted in Bitcoin. According to Bulkowski, the chart pattern is the ‘worst performing chart pattern in a bull market’.

Three scenarios are labeled:

Minor Retracement of the +60% move, then 1.618 3687 projection
Hard Retracement of the +60% move, then 1.618 3687 projection
Complete reversal 1200-1600

2017-07-23_08-02-15.png

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7 years ago by

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      ·  7 years ago 

    Great post. I think it will continue to go up. Please read my biggest danger in crypto, would love your feedback -
    https://steemit.com/cryptocurrency/@cryptocoinclub/blockfolio-addiction-help-group

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        ·  7 years ago 

      Agreed

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