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Thisisnotfinancialadvice
Aug 31, 2021 7:02 PM

BTCUSD Internal Fib Pattern + Cup & Handle Short

COINBASE:BTCUSD1D
Bitcoin / United States DollarCoinbase

Description

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Some Bearish Patterns have emerged.

Daily is rounding over, lots of wicks on the 1 hour, price is reversing in the 61.8 retracement level.

Some serious bearish signs, I hope Mel Gibson is ready.



I have highlighted the Internal Fib pattern the 23.6, 9% bounce target is the 50% level around 16k (probably hit 10k)

The cup and handle may also play out, target is in the same general area.

Comment

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Ouch!

Trend AnalysisChart PatternsTechnical IndicatorsBTCBTCUSDBitcoin (Cryptocurrency)bitcoinusdcoinbaseCryptocurrencycryptocryptocurrencies
Comments
ImminentDebacle
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Nice to have you back.
Thisisnotfinancialadvice
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@ImminentDebacle, just trying to be patient and wait for the right setup, thanks!
Avanstee
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Agree, Multiple signs point in this direction. Thanks for the post.
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