Bitcoin's looking set for a textbook bearish engulfing pattern on the higher timeframes—roughly 19 days to complete the setup. The way I see it, shorting opportunity is definitely there, but don't rush in yet. Price needs to chop around current levels first, building that coil before the sharp downside breaks. Right now it's consolidation mode; once that pressure releases, things could move decisively lower. Keep watching those levels—the setup's there, just waiting for confirmation.
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GasFeeCrier
· 17h ago
Another short trap again. Can this time be different?
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GasFeeCrier
· 12-14 02:17
Wait, can this pattern you mentioned really form? I'm still seeing the daily chart fluctuate wildly, and it doesn't seem very promising.
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WenAirdrop
· 12-13 03:57
Wait a minute, I need to look at the chart to believe this 19-day cycle. It seems like the gap hasn't tightened yet.
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FlashLoanLarry
· 12-13 03:54
Wait a minute, a 19-day chart? This cycle is really a bit long... I still prefer to wait for a breakout before making any moves.
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consensus_failure
· 12-13 03:53
Wait, it takes 19 days to complete? Then I need to do something else first with this market trend. I don't want to keep monitoring the market all the time.
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MEVSandwichVictim
· 12-13 03:47
Wait, wait, wait, it takes 19 days to complete? I'm afraid I won't be able to wait that long before getting trapped, haha.
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PumpStrategist
· 12-13 03:32
The pattern is already there, but what I care more about is how the chips flow during these 19 days. Usually, such "textbook-level" breakouts are seen as definitive signals by retail investors, and then... you all know what happens.
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BankruptcyArtist
· 12-13 03:31
There are indeed bearish signals, but we still need to be patient and wait for this wave.
Bitcoin's looking set for a textbook bearish engulfing pattern on the higher timeframes—roughly 19 days to complete the setup. The way I see it, shorting opportunity is definitely there, but don't rush in yet. Price needs to chop around current levels first, building that coil before the sharp downside breaks. Right now it's consolidation mode; once that pressure releases, things could move decisively lower. Keep watching those levels—the setup's there, just waiting for confirmation.