Long
reversal pattern btc may 24th, 2021
1. reversal pattern flashed at peak.
2. followed by 50% drop.
3. retrace back to 80% from peak.
4. followed by another to 30% from peak.
5. eventually bottomed at 15% from peak.
Recovery from bear market 2 years, same as 2013-2017 pattern. this only holds true if we continue to close below 31k
2. followed by 50% drop.
3. retrace back to 80% from peak.
4. followed by another to 30% from peak.
5. eventually bottomed at 15% from peak.
Recovery from bear market 2 years, same as 2013-2017 pattern. this only holds true if we continue to close below 31k
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