jackrabbitrage

ETHBTC Bearish dragon pattern forming

Short
BITFINEX:ETHBTC   Ethereum / Bitcoin

ETHBTC is forming a very bearish pattern.
A 0.786-0.886 retracement is likely if the red trendline is broken.
After a pullback, such a bearish movement could trigger another bearish pattern, 5-0.

Merely a theoretical possibility, but this is one of what the holders should be prepared for.

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