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Bitcoin Extreme Bearish Possibility UPDATE #2
In the previous update I stated on February 24:
"Inverted Exotic Dragon Pattern SHORT entry point has been confirmed. 2B Top reversal short entry trigger confirmed as well. Both these target points coincide with a potential trough for a left shoulder formation to commence. In my humble opinion
The extreme bearish possibility is a hypothesis drawn with a red line to demonstrate a potential Head & Shoulders Top that may develop and have price retrace down to approximately $17,500ish."
In this update on March 2 I'm simply going to mention that price has entered into the Inverted Exotic Dragon Pattern's target price zone(head) as can be seen on the chart.
"Inverted Exotic Dragon Pattern SHORT entry point has been confirmed. 2B Top reversal short entry trigger confirmed as well. Both these target points coincide with a potential trough for a left shoulder formation to commence. In my humble opinion
The extreme bearish possibility is a hypothesis drawn with a red line to demonstrate a potential Head & Shoulders Top that may develop and have price retrace down to approximately $17,500ish."
In this update on March 2 I'm simply going to mention that price has entered into the Inverted Exotic Dragon Pattern's target price zone(head) as can be seen on the chart.
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