BARR for BTC ?
Does BTC is into a BARR pattern ?
Right now, this is the most applicable pattern to the BTCUSDT pair.
The lean phase is already over, as well as the bump that should have be just over and had created a reversal.
If this new reversal will break the bearish trend line we can consider a Barr pattern, so a bump and run reversal pattern.
The reversal will correspond to the inefficiency recover, meanwhile the run phase will be the liquidity bullish run before the last recover around 51k and 38k, to cover the last left-behind liquidity and interest zone, before heading to the next target point, overpassing 73k and heading to 80k.
This is just an idea, I’m open for confront and new ideas !! So comment this damn post if you want :)
Right now, this is the most applicable pattern to the BTCUSDT pair.
The lean phase is already over, as well as the bump that should have be just over and had created a reversal.
If this new reversal will break the bearish trend line we can consider a Barr pattern, so a bump and run reversal pattern.
The reversal will correspond to the inefficiency recover, meanwhile the run phase will be the liquidity bullish run before the last recover around 51k and 38k, to cover the last left-behind liquidity and interest zone, before heading to the next target point, overpassing 73k and heading to 80k.
This is just an idea, I’m open for confront and new ideas !! So comment this damn post if you want :)
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