BTC/USD - Bearish Shark

Hello traders, here we have BTC/USD with a bearish shark pattern on the 1h chart.

The measurements for a valid shark are detailed below.
C: 1.13 - 1.618
D: 1.618 - 2.24
Final X to D: 0.886 - 1.13

This pattern could form an X to D of 1.13 but I find it unlikely... If it does it would create a valid bullish 5-0 pattern.

Feel free to connect with me below :)

Yorum:

We've now started the move lower, the ascending channel has been broken.

I expect further declines over the next 2 weeks.