BTC - Bearish White Swan for BITFINEX:BTCUSD by PipEze

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trendanalysis harmonicpatterns btc bitcoin

Bearish white swan is complete and ready for price drop

Comment: Target reached (0.61 level)

Comments

They are protecting the 6.400$ level again and again.

Giorgioversace

@Giorgioversace, mining less profitable at this level and close to the minimum

Larrycrypto

@Larrycrypto,
Yes you got it.

I am not sure about continuation so far. It is not a convincing breakdown.

Zsolt28

@Zsolt28, I can only say what’s on chart.

PipEze

@PipEze, There we go.

White Swans are bullish, Black are bearish. You have this reversed.

@nnxx , @console - pattern is just pattern - H&S, C&H, wedge, triangle, gartley, swan, crab and so on it's just price formation and non of them gives guarantee that we reach target or price move in direction we expect. We can only try make money on it. Sometimes works sometimes not. This is how I see this subject.

before you had much better patterns, this with the animals is a pure guess..

nnxx

@nnxx, its called harmoics, its the same as gnartlys and such..... but this parrern is not to relible.