NEW PATTERN SPOTTED IN BITCOIN
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
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
Agreed