Comp Short Term Short - Classical Middle Finger Pattern.

6 Jul 2020

Crypto whales are in the process of forming the classic middle finger pattern on the Comp chart indicating a retest of the recent 163 local bottom.

The pattern is very similar to the BART and FireWorks patterns, often seen during bubble-like trading prior to large crypto dump due to bulls and bears having very diverging opinions on the underlying value of an asset.
s3.amazonaws.com/tradingview/snapshots/u/ufBKIseY.png

6 Jul 2020

Catatan

Some people don't believe the middle finger pattern is real:

6 Jul 2020

Catatan

Another classic middle finger pattern:

6 Jul 2020

Catatan

Another middle finger

6 Jul 2020

Catatan

6 Jul 2020

Catatan

The middle Finger Pattern repeated as a fractal on BTCUSD

s3.amazonaws.com/tradingview/snapshots/j/JujVrlfd.png

6 Jul 2020

Catatan

6 Jul 2020

Catatan

7 Jul 2020

Catatan

So far 10% swing on the the fourth finger.

7 Jul 2020

Catatan

Another 8.97% swing.

7 Jul 2020

Catatan

The pattern here is at risk of being invalidated. Here's the scenarios that could develop from here:

7 Jul 2020

Catatan

s3.amazonaws.com/tradingview/snapshots/f/FnxPxuus.png

7 Jul 2020

Catatan

Potential downward break...

7 Jul 2020

Catatan

Multiple support lines need to break to complete the middle finger to double bottom pattern here...

10 Jul 2020

Catatan

$36.89 move so far for a 17.79% gain down to 170.50. With less than only 4.36% left to the 163.38 target ($7.13) time to start taking profits and look for the next trade setup.

13 Jul 2020

Trading ditutup: target tercapai

Target reached closing remaining positions.

13 Jul 2020

Catatan

Perfect trade here was a $45.41 drop netting 22.39%