This pattern is very famous for it's relevance in any type of range. Let's see how it plays out.
Let's see how it plays out. So far so good everything is overbought at this level, resistence is strong. High 4000$ Resistence Lower High Overbought Money Flow Index 4 Tops inside it.... If this isn't bear well I guess I have to quit trading on BTC ever.
I wonder if it goes that way or other way :) we will see. This is just a "test" chart sort to say. It looks to indentical.
H&S On 1H - 50/50 Chances as we all know how bad H&S do on BTC
Let's see how this play :)
3 Drives TOP 1H? Possible, these bulls FOMO a lot.
Whenever shorts gone under, and longs over-exposed. Well we all know what happens when LONGS are over-exposed right? :) Bitcoin drops like a MOFO.
Big Bear Pennant - His claws getting ready, are you ready? Historically these never fail :) Now let's see how it unfolds once again expect a nice drop :)
Now on the dark side of the "moon" we can see our institutionals drawing a very interesting candle action - Nice & perfect shooting star - Money Flow Index Double Overbought = Always sell-off
This chart is screaming "SHORT" from all possible angles. - Head & Shoulders - 3 Drives Top - Big rejections on uptrend candles - Multiple shooting stars.
We have multiple BEARISH patterns to unfold.
We ending this in a beautiful 3 Dives to top that is in formation. Psssst let those bulls open as more longs with a huge interest rate as this will be the most costly and savage drop they experience since 6000$ levels.
3 Drives is higher probability as is it a scheme used since 1800 grain trading with great success.
Perfect Symmetrical 3 Drives to TOP It can mean only one thing:) I've posted a similar situation chart that was a surgical strike :) as I always do.
3 Dives Top + Head & Shoulders on 1H - Dangerous Grounds ~ 1 day until February Month - 3 Days until end of Week - 3 Dives Top + Head & Shoulders on 1H Time Frame Technically is perfectly to dump and position yourself right here.
3 Drives Top 1H is ready for a bigger drop.
We have a big bear pennant that can be saw on 1 Week , 3 Days , 1 Day & 12H. On top of that, we have a Head & Shoulders perfectly created Enjoy trading this pattern.