AlanSantana

πŸ…±οΈ The Three Black Crows! A Bearish Candlestick Pattern

Short
BITFINEX:BTCUSD   Bitcoin
The three black crows is the inverse of the very famous "three white soldiers" candlestick pattern.

The three black crows is a pattern that may predict a change of trend, in this case, the end or reversal of the current uptrend.

βž– The week is not over so this pattern is still in the making; not complete, needs confirmation.

Once the week closes, if it does so below 63/62,000, the pattern is complete.
πŸ‘‰ Bitcoin is headed lower.

In this weekly chart we can see the highest bearish volume since November 2022.
πŸ‘‰ The signals are in.

There are so many bearish signals that it is actually annoying.

βž– See the Doji early March which produced the All-Time High, another reversal signal.
βž– See the low volume on this exchange; another bearish signal.
βž– See the Coinbase stock, look at Cardano, Solana, Ethereum and the rest.

Everything is bearish but the climax is not in yet.

Yes, Bitcoin corrects ~30% pre/post-halving but this is the past, not today.
In the past, Bitcoin never went for a new ATH before the halving, so everything changed.
Present halving is different and so the correction can also be different.

πŸ‘‰ One final flush, really strong... And then, months of boring sideways and recovery before the major 2025 Cryptocurrency market bull-run.

Namaste.

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