ChArtWorks_TechnicalArts

HIGHLY Speculative Bearish Butterfly on the Weekly

Short
COINBASE:BTCUSD   Bitcoin
This is the first time you will ever see me giving speculation on the market, but this is a very speculative Bearish Butterfly in development on the Weekly Time Frame. First we'd need confirmation of the potential Descending triangle. But how I came up with these targets and patterns is using the same math and patterns that have developed in the 2017 bull run and the current one. But a reoccurring phase or (Shortcut to the Market Cycle) in variables would be in this order, A) Parabolic, B) Blow Off Double Top, C) Descending Triangle, D) Capitulation and then repeat! I worked really hard on this and it's just an extremely speculative idea for now. But how badass would it be if that played out. A Bearish Butterfly on the weekly time scale lol
Commentaire:
Also extremely ballsy to post this without hitting Wave C lol! But How badass would this be if it played out
Ordre annulé:
It could play out I guess, but after going over this, this is the complete wrong pattern. It technically would have been the bearish Gartley pattern which is completely different now that I think about it. Oh well, both are speculation and probably won't play out
Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.