noble1ones

A HUGE Bitcoin BEARISH Inverted Exotic Dragon Pattern: UPDATE

Short
noble1ones Updated   
BITFINEX:BTCUSD   Bitcoin

In the prior posted idea concerning this pattern I stated on February 22:

"OMG ! Yes Indeed this is a HUGE one. It appears to work with my prior bearish potential idea. Same approximate potential price retracement zone. Everything has been marked on the chart in regards to this pattern. 2B Top(a little extra spice) dotted line potential short entry point on the daily if price comes and closes beneath the Bar/ Candlestick low. Diagonal dotted Trend line across the hump for a more conservative potential short entry.
All potentials and maybe's for your entertainment."

I'm currently updating this chart to indicate that price has crossed the diagonal dotted Trend line across the hump that was mentioned to be a more conservative potential short entry for entertainment purposes. The signal occurred a few days ago and has been confirmed with a substantial drop in price, in my humble opinion.
All the best!

Trade closed manually:
This pattern failed to reach its ultimate target point and simply gained 62%, rather than 100%, at the March 10 reversal point at the 62% retracement of the pattern from Head to second leg down to March 10th reversal point & signal.
All the best!
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