Bigger picture- 9 hr chart shows a bearish butterfly forming.. we are currently on the 50% retracement of it.. at 4.05.
Should the pattern move up in price above this 50% retracement it will form a beautiful butterfly pattern above 5.16.
Note: we are currently forming a crab pattern which once completed would be the propelling force to higher highs (if it completes).. so a couple of things have to happen- the crab needs to complete (to do so will take us below the 50% retracement support for a short moment- maybe in pre-market).. and if it does it takes us to 5.16 mark.
The previous chart had us selling a bit earlier on the smaller patterns of the chart (which you can see) .... but now we can zoom out and see the max possible potential.
LIKE AND SHARE- Thanks / Cheers...and remember to buy Bitcoin!
WOLFPACK
Should the pattern move up in price above this 50% retracement it will form a beautiful butterfly pattern above 5.16.
Note: we are currently forming a crab pattern which once completed would be the propelling force to higher highs (if it completes).. so a couple of things have to happen- the crab needs to complete (to do so will take us below the 50% retracement support for a short moment- maybe in pre-market).. and if it does it takes us to 5.16 mark.
The previous chart had us selling a bit earlier on the smaller patterns of the chart (which you can see) .... but now we can zoom out and see the max possible potential.
LIKE AND SHARE- Thanks / Cheers...and remember to buy Bitcoin!
WOLFPACK
Comment:
Completion of shark pattern will be around 3.50 and if it fails pricing will be 3.86- anything over this (if another bearish harmonic does not develop) is Profit
Comment:
Aslo pricing could come up momentarily before dumping and bouncing off 3.85... we have to see what develops
Moorsc0de aka Crypt0nomics aka Zaphkiel
