InvestingScope

BTCUSD: Dump and pump symmetrical pattern.

BITFINEX:BTCUSD   Bitcoin / Dolar
Purely based on the symmetrical price action of the 4H candles which are forming the right shoulder of a Head and Shoulders pattern on 1D ( RSI = 51.857), we have identified the possibility of a quick dump and pump event on Bitcoin . This suggests that in roughly 2 days a decline will take place reaching the 7,000 Support on 1D. An equally quick rise to 8,200 may then complete th pattern before BTC provides us with a new short term pattern.






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i feel the dump is for sure and the levels are very close each other
Balas
nice ... btw just for info ...

Balas
My thoughts exactly. Good post!
+1 Balas
@jpbrown1023, Thank you. It seems to obvious to ignore it that is why we thought it would be useful to post it.
+1 Balas
Got a red pin bar forming looks like 3 Oct, 8 Nov, 3 Dec all over again.
+1 Balas
InvestingScope DaddySawbucks
@DaddySawbucks, Well we see what you mean by that but at the moment can't find a pattern to support this. Maybe it is too early.
Balas
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