BTC Potential Bearish Reversal Formation

15 Mar 2021

BTC seems forming bearish Crab patten. Because this is an extension pattern, so I believe there is a higher chance for this pattern to play out. The PRZ (potential reversal zone) is some where between 67100 ~ 70k. I will look for reversal patterns in this area and penetration of the counter trend line. TPs will be 0.382 and 0.618 from C to D. Above 70k == invalidation