Hi everyone. I want to show you a idea about the BIG M pattern on BTC . This pattern Is variant of the Double Tops as a M with tall peaks and average metrics accord to Thomas N. BULKOWSKI as descript in the book CHART PATTERNS: AFTER THE BUY. In parallel BTC Is on move to a drop of 17% average after a pullback.
Comment:
Accorrding with BULKOWSKI the price drops an average of 17% below the breakout of the Valley between the two peaks, wich target projects the price action to te 50k zone.
