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Bitcoin
Short
Updated

Bitcoin set for reversal around 23250

348
We have a bearish butterfly showing on the Bitcoin chart. We will see it reach Fib extension 1 at which point it will have reached the highest point of the bearflag, thus reversing and trending towards 11k over the coming days.
Note
snapshot This is the updated version. As there is a cup and handle forming there will be upward momentum for now, but be cautious to exit the trade in time for the bears to ride it down again.
Odalisque
Also on:
Bearish ButterflyBearish FlagButterflyChart PatternsreversalTrend Analysis

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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.
Bearish ButterflyBearish FlagButterflyChart PatternsreversalTrend Analysis
Odalisque
Also on:

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.