capsule91

A "potential" bearish structure lurking for the coins?

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
A bearish cypher in formation along with extreme bearish harmonic impulse @886..
The patterns are wonderfully following pitchfork price magnet theory..
The potential reversal zones of the bearish cypher perfectly matches the longer term Crab structure which propelled this upmove(shown later)
And both the PRZ and the Limit for the extreme brearish harmonic impulse match the inner and outer margin of the ichimoku kumo cloud...
Disclaimer... no trading, no cryptocurrency in possession at present,,Not an investing/trading recommendation
Comment: for the eur