Shark Pattern at BTC Daily

10 בינו׳ 2022

BTC Daily has formed a Shark Pattern. The 0.886 retracement of XA and the 2.236 extension of BC have created a cluster zone between 44000 and 43745. However, we have now unfortunately already bounced through the zone. Had the price stopped here and formed a very bullish candle, then we would have had a long signal. Presumably, however, the correction of XA is now completed, should a bullish signal arise, the direction of XA would have to be resumed, at least for 66.8%.