Comp Short Term Short - Classical Middle Finger Pattern.
Crypto whales are in the process of forming the classic middle finger pattern on the Comp chart indicating a retest of the recent 163 local bottom.
The pattern is very similar to the BART and FireWorks patterns, often seen during bubble-like trading prior to large crypto dump due to bulls and bears having very diverging opinions on the underlying value of an asset.
s3.amazonaws.com/tra...shots/u/ufBKIseY.png
The pattern is very similar to the BART and FireWorks patterns, often seen during bubble-like trading prior to large crypto dump due to bulls and bears having very diverging opinions on the underlying value of an asset.
s3.amazonaws.com/tra...shots/u/ufBKIseY.png
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Some people don't believe the middle finger pattern is real:
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Another classic middle finger pattern:
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Another middle finger
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The middle Finger Pattern repeated as a fractal on BTCUSD
s3.amazonaws.com/tra...shots/j/JujVrlfd.png
s3.amazonaws.com/tra...shots/j/JujVrlfd.png
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So far 10% swing on the the fourth finger.
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Another 8.97% swing.
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The pattern here is at risk of being invalidated. Here's the scenarios that could develop from here:
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Potential downward break...
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Multiple support lines need to break to complete the middle finger to double bottom pattern here...
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$36.89 move so far for a 17.79% gain down to 170.50. With less than only 4.36% left to the 163.38 target ($7.13) time to start taking profits and look for the next trade setup.
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Target reached closing remaining positions.
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Perfect trade here was a $45.41 drop netting 22.39%