Bitcoin and the anatomy of the seahorse pattern, starts off with a nice w double bottom formation. Breaks out from its counter trend, then forms a head when retracing before continuation to either direction buyers or sellers become stronger. Profit taking at these points also a factor not to be overlooked.
Note
Note
And there is the anatomy of a seahorse pattern to which of course is quite bullish Note
The whipsaw price action starts to form the snout Note
Offspring of the mother seahorse begin to emerge and leapfrog out into new price discovery Note
Sometimes the seahorse like to display a brilliant blue green glow to them Note
Seahorse! Note
Trade active
seahorses are running and spawning babies Note
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.