BTC/USD - Bearish Shark

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Hello traders, here we have BTC/USD with a bearish shark pattern on the 1h chart.

The measurements for a valid shark are detailed below.
C: 1.13 - 1.618
D: 1.618 - 2.24
Final X to D: 0.886 - 1.13

This pattern could form an X to D of 1.13 but I find it unlikely... If it does it would create a valid bullish 5-0 pattern.

Feel free to connect with me below :)
Comment: We've now started the move lower, the ascending channel has been broken.


I expect further declines over the next 2 weeks.
Learn How to Trade the Most Advanced Market Patterns: https://www.sixfigurecapital.com

Join my Telegram Channel: https://t.me/SixFigureCapital

Facebook: https://www.facebook.com/sixfigurecapital
Instagram: https://www.instagram.com/sixfigurecapital
What do you think, it is now possible to drop to 1250 BTCUSD ?
Hello LewisGlasgow, thanks for your charts.
Do you think BTC still going down to 1080/1090 level?
LewisGlasgow PRO eddietheboss
@eddietheboss, hey, this is the chart I'm currently focusing on :)

eddietheboss LewisGlasgow
thanks @LewisGlasgow,
@LewisGlasgow this chart still active?
+1 Reply
@kiennv.bk, yes but see the chart below.
CD leg extends must be beyond X by 113% of the AX leg for a shark pattern, not the case here
LewisGlasgow PRO bratiswaves
@BorisBezard, you better go look up a shark pattern because you're wrong.

The D leg falls below the 1.618 requirement which I'm aware of but X to D for a shark pattern has alternate formations 0.886 - 1.13.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out