BTC - Bearish 3 Drives

1 May 2018

BTC is in progress of creating Bearish 3 Drives.This is totally Harmonic Pattern based on Fibonacci numbers.
What is interesting in this set up is the fact that if BTC price reach 3rd drive at point F on chart we will automatically get Double Top. Another thing is that BC leg extension at point F is hitting 1.61 fib. So point F will be completion of Double Top, 1.61 BC extension and 1.27 DE extension.

Of course all that does not mean that price will reverse and start dropping but ... Time will show the truth.

If price drop below pink support line and creates low pattern becomes invalid.

This information is not a recommendation to buy or sell.

1 May 2018

Not

Coinbase chart shows different harmonic pattern but with the same outcome - move up to 9700 level. Pattern is - Bullish 4 point continuation

1 May 2018

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0.38 fib level reached. Few more and we hit the top.

1 May 2018

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If You find this TA helpful please hit that LIKE button cos that means a lot to me.

2 May 2018

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0.38 acts as strong resistance.

2 May 2018

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0.38 level broken. Heading towards 0.61.
Sorry for shitty screen - updating from mobile

3 May 2018

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0.61 reached. Slowly climbing towards top.

3 May 2018

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0.61 fun level broken and confirmed. Moving up nicely toward the top.

3 May 2018

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0.78 and 0.88 levels broken. Hope you enjoy that ride to the top

3 May 2018

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Fib 1 level broken - this baby is flying towards 9700

3 May 2018

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1.13 fib level smashed .
9700 smashed

3 May 2018

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Fib level 1.27 delivered as promised

3 May 2018

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Just to thanks all of You who followed that trade. Enjoy