Bitcoin Bearish Butterfly
Bitcoin forming a bearish butterfly. Retrace to C anchor lands on the .618 fib. Completion of harmonic targets highlight. C anchor will create daily bullish divergence on the macd. I expected the bearish harmonic to morph into a bullish 5-0 esk pattern for continuation of this bear market bull rally. If it doesn't morph, expect new lows.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.