TradingView
DrDovetail
Jan 13, 2019 8:36 PM

possible fractal tht could prevent breakdown from hitting target 

Bitcoin / U.S. dollarBitstamp

Description

One thing crypto loves to do more than anything is fakeout the herd so although we have multiple deathcrosses across most major time frames and a breakdown from the recent bearflag, it could potentially repeat the pattern seen immediately after the price action highlighted here inside the 1st yellow circle where it only went about halfway on the rbeakdown and then liquidated a bunch of shorts by inverted barting its way back up. Be prepared for that but I wouldnt go long unless you see a bullish bart pattern start to occur the 4hr cross on xrp just happened which could be some of the market drop but the 4hr deathcross on btc has still yet to occur. this dip should have it occur much quicker than its earlier time frame trajectory of january 18th and when it does I anticipate further downside...always always always the possibility of a fakeout in crypto though.
More