Bearish butterfly pattern on the BTCUSDSHORTS chart
Along with with having using the BTCUSDSHORTS and BTCUSDLONGS charts as indicators of the BTCUSD chart(using trend lines, fib retracements, and common indicators on them), often giving me a very good idea of when price was about to reverse when signs weren't exactly showing on the BTCUSD chart itself. Trend lines on the indicators themselves, no matter what the chart is, often have been very helpful too. The more reasons to take a trade(or be bullish/bearish), the better. Anyway, now that I'm on a harmonic pattern kick, I had to find a corresponding bearish pattern to go with the bullish Gartley pattern within BTCUSDLONGS(see related idea).
Comment:
"'ve been watching both BTCUSDSHORTS and BTCUSDLONGS very closely since before I posted the bearish butterly on shorts and the bullish Gartley on longs. The last peak of of BTCUSDSHORTS I predicted on my livestream... I tried calling this one early first as a double top , then at a couple spots on the way to where it reversed, and finally (hopefully) succeeded at the .236 extension of the XA leg of the bearish butterfly from the PRZ, which is the red line it's currently under. It got close enough to the PRZ of the bearish buttefly, one might almost consider it a double top ...
A short squeeze is quite imminent, almost obvious at this point, in my opinion."
A short squeeze is quite imminent, almost obvious at this point, in my opinion."
Related Ideas
"Those are called longs, my friend"
LOL