HodlSimp

Bearish Butterfly Trend Reversal

Short
COINBASE:BTCUSD   Bitcoin
After completion of the bearish harmonic, trend reversal (at least short term) is imminent. Much of the reversal has already happened as of publishing this idea. However, I feel we still have plenty of downside potential until bulls really have an edge to re-enter. See the chart for targets at the fib nodes of 0.5, 0.618, and 0.786 for possible areas of re-entry.
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.