EchoLAB

Bitcoin - How to Deal with this Shark

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BITFINEX:BTCUSD   Bitcoin
BTCUSD Monthly Analysis - POV Alert Adjustment
  • Potential Bullish Shark Pattern 0.886
  • Potential Bearish Crab Pattern 1.618
  • Expanded Flat Corrective Wave (ABC)
  • Support and Resistance Levels
  • Moving Averages
  • Fibonacci Retracement Levels

  • This is an adjustment from the previous Monthly analysis. Bitcoin is now in the POV alert area, the area of the Shark with a range of A-C 1.13-1.618 or maximum $5830. a buy stop has been setup above it if the price still wants to enter the giant Crab area.


  • The Money Journey - Hope for the best and prepare for the worst.
  • It's strongly recommended to avoid other traders who tend to make lots of charts with different or even in the same perspectives over and over. They have a low win rate and it's clearly seen only chasing popularity with their lack of experience and abilities.
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