BTC Bearish Dragon Pattern Unfolding
On top of what could be a relief rally or a tentative bull run, a Bearish Dragon Pattern is unfolding, with active OI in Binance rapidly decreasing (indicator pane).
Typical TP is FR 0.786, but if it breaks the channel and re-enters the pennant this time, I'd like to point out the possibility of passing down through it to reach, e.g., 1.272.
The green ark would serve as a support.
The scenario is invalidated if the top of the dragon (approx. 20500 ) is broken.
See the related ideas for details of the scenario, the lines, arcs, etc.
Komen:
update.
Komen:
FR 0.786 almost reached.
FR 0.786 almost reached.
Komen:
memo & upadate.
Komen:
memo & update.
