AlanSantana

🅱️ The Three Black Crows! A Bearish Candlestick Pattern

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BITFINEX:BTCUSD   Bitcoin
The three black crows is the inverse of the very famous "three white soldiers" candlestick pattern.

The three black crows is a pattern that may predict a change of trend, in this case, the end or reversal of the current uptrend.

➖ The week is not over so this pattern is still in the making; not complete, needs confirmation.

Once the week closes, if it does so below 63/62,000, the pattern is complete.
👉 Bitcoin is headed lower.

In this weekly chart we can see the highest bearish volume since November 2022.
👉 The signals are in.

There are so many bearish signals that it is actually annoying.

➖ See the Doji early March which produced the All-Time High, another reversal signal.
➖ See the low volume on this exchange; another bearish signal.
➖ See the Coinbase stock, look at Cardano, Solana, Ethereum and the rest.

Everything is bearish but the climax is not in yet.

Yes, Bitcoin corrects ~30% pre/post-halving but this is the past, not today.
In the past, Bitcoin never went for a new ATH before the halving, so everything changed.
Present halving is different and so the correction can also be different.

👉 One final flush, really strong... And then, months of boring sideways and recovery before the major 2025 Cryptocurrency market bull-run.

Namaste.

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