Elysian_Mind

Short 🩸 Blood Bat Drinks Bull Blood

Short
Elysian_Mind Updated   
BITFINEX:BTCUSD   Bitcoin
Short 🩸 Blood Bat Drinks Bull Blood

"Did you think you've won?"

Key points:
- Left-wing of the Blood Bat functioned as a Bullish Pennant chart pattern
- Right-wing of the Blood Bat functioned as a Bearish Pennant technical analysis pattern
- The Body of the Blood Bat made people imagine Head & Shoulders

It's not Head & Shoulders, nor a bull run.
The Blood Bat drinks the blood of bulls and bears alike.
Comment:
On some exchanges, the Price Action already wicked to the "D" point.
So, be careful if you long the last period before the crash.
It can collapse at any moment.
Comment:
For our first Target Price see our Related Idea: "Short (HFT) 💥 Bearish Flag"
Comment:

Our bearish flag extension to this bat idea.

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