NEW PATTERN SPOTTED IN BITCOIN
The right-angled and descending broadening formation has been spotted in Bitcoin. According to Bulkowski, the chart pattern is the ‘worst performing chart pattern in a bull market’.
Three scenarios are labeled:
Minor Retracement of the +60% move, then 1.618 3687 projection
Hard Retracement of the +60% move, then 1.618 3687 projection
Complete reversal 1200-1600
