{"id":438517,"date":"2020-09-15T17:00:55","date_gmt":"2020-09-15T17:00:55","guid":{"rendered":"https:\/\/wncen.com\/?p=438517"},"modified":"2024-06-11T07:45:41","modified_gmt":"2024-06-11T07:45:41","slug":"did-bitcoin-just-confirm-its-largest-reversal-pattern-in-history","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/did-bitcoin-just-confirm-its-largest-reversal-pattern-in-history\/","title":{"rendered":"Did Bitcoin Just Confirm It\u2019s Largest Reversal Pattern In History?"},"content":{"rendered":"

All eyes are on Bitcoin and more specifically if the cryptocurrency is able to hold above both the “meme” downtrend line<\/a> and the critical level of $10,000.<\/p>\n

The asset thus far has held strong, confirming both former resistance levels as support. But at the same time, the leading cryptocurrency by market cap may have also confirmed the largest reversal pattern in its entire history.<\/p>\n

Has The Cryptocurrency Just Confirmed Its Largest Reversal Chart Pattern Ever?<\/h2>\n

When Bitcoin slammed headfirst into $20,000 and immediately fell over $8,000 to $12,000 days later, it was clear there was a reversal<\/a> taking place. The blow-off top has still yet to be retested, and thus far marks the most significant confirmed reversal left behind on Bitcoin’s price charts at a full 40% movement in the pattern from top to bottom.<\/p>\n

Nearly a full year later, Bitcoin then collapsed to its current bear market bottom at $3,200, and consolidated for months, forming yet another reversal pattern. The ascending triangle<\/a> at the asset’s four year low had a full height of just 30%, yet caused the cryptocurrency to rally over 300% from the low point of the pattern.<\/p>\n

Related Reading | Has Bitcoin Confirmed A Bullish Retest Of \u201cMeme\u201d Downtrend Line?<\/a><\/strong><\/em><\/p>\n

Although these two reversal patterns are the two most significant over the current bear and bull market cycle, they pale in size compared to the potential inverse head and shoulders pattern forming on weekly timeframes across BTCUSD price charts.<\/p>\n

\"bitcoin<\/p>\n

BTCUSD Weekly Inverse Head and Shoulders Confirmed Throwback | Source: TradingView<\/a><\/pre>\n
Inverse Head And Shoulders Potentially Targets New All-Time High In Bitcoin<\/h2>\n
Bitcoin price action since the 2019 top has formed what looks to be a massive inverse head and shoulders chart pattern. These structures are typically bullish reversal patterns, representing a tug of war between buyers and sellers, with sellers eventually sorely losing out<\/a>.<\/p>\n
The significance of the reversal pattern isn’t just the fact that it could send Bitcoin rocketing higher from here, it is the sheer size of the formation itself.<\/p>\n
Related Reading | This Accumulation Pattern Suggests Bulls Are On The Right Side Of Bitcoin<\/a><\/strong><\/em><\/p>\n
Past reversal patterns<\/a> took place within just 30-40% of price action, while the full rise from the candle close on the “head” of the pattern, is over a 95% move. Matching that move, from the breakout point, would take the cryptocurrency back to retest its former all-time high as a target.<\/p>\n
Head and shoulders patterns<\/a>, whether inverse or right side up, often result in a throwback back to retest the trend line as resistance flipped support or vice versa. After that retest is confirmed, the next stop is the target based on the structure.<\/p>\n
Pattern targets are taken from the trend line to the low point of the head. Adding in any wick caused by Black Thursday would move the target of the structure beyond the cryptocurrency’s record price.<\/p>\n
Could this enormous pattern be the final reversal pattern<\/a> before Bitcoin breaks above its all-time high?<\/p>\n
Featured image from DepositPhotos, Charts from TradingView<\/pre>\n","protected":false},"excerpt":{"rendered":"
All eyes are on Bitcoin and more specifically if the cryptocurrency is able to hold above both the “meme” downtrend line and the critical level of $10,000. The asset thus far has held strong, confirming both former resistance levels as support. But at the same time, the leading cryptocurrency by market cap may have also confirmed the largest reversal pattern in its entire history. Has The Cryptocurrency Just Confirmed Its Largest Reversal Chart Pattern Ever? When Bitcoin slammed headfirst into $20,000 and immediately fell over $8,000 to $12,000 days later, it was clear there was a reversal taking place. The blow-off top has still yet to be retested, and thus far marks the most significant confirmed reversal left behind on Bitcoin’s price charts at a full 40% movement in the pattern from top to bottom. Nearly a full year later, Bitcoin then collapsed to its current bear market bottom at $3,200, and consolidated for months, forming yet another reversal pattern. The ascending triangle at the asset’s four year low had a full height of just 30%, yet caused the cryptocurrency to rally over 300% from the low point of the pattern. Related Reading | Has Bitcoin Confirmed A Bullish Retest Of \u201cMeme\u201d Downtrend Line? Although these two reversal patterns are the two most significant over the current bear and bull market cycle, they pale in size compared to the potential inverse head and shoulders pattern forming on weekly timeframes across BTCUSD price charts. BTCUSD Weekly Inverse Head and Shoulders Confirmed Throwback | Source: TradingView Inverse Head And Shoulders Potentially Targets New All-Time High In Bitcoin Bitcoin price action since the 2019 top has formed what looks to be a massive inverse head and shoulders chart pattern. These structures are typically bullish reversal patterns, representing a tug of war between buyers and sellers, with sellers eventually sorely losing out. The significance of the reversal pattern isn’t just the fact that it could send Bitcoin rocketing higher from here, it is the sheer size of the formation itself. Related Reading | This Accumulation Pattern Suggests Bulls Are On The Right Side Of Bitcoin Past reversal patterns took place within just 30-40% of price action, while the full rise from the candle close on the “head” of the pattern, is over a 95% move. Matching that move, from the breakout point, would take the cryptocurrency back to retest its former all-time high as a target. Head and shoulders patterns, whether inverse or right side up, often result in a throwback back to retest the trend line as resistance flipped support or vice versa. After that retest is confirmed, the next stop is the target based on the structure. Pattern targets are taken from the trend line to the low point of the head. Adding in any wick caused by Black Thursday would move the target of the structure beyond the cryptocurrency’s record price. Could this enormous pattern be the final reversal pattern before Bitcoin breaks above its all-time high? Featured image from DepositPhotos, Charts from TradingView<\/p>\n","protected":false},"author":517,"featured_media":438522,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5651,3,4],"tags":[428,1119,1144,78790,6664,4524,76835],"class_list":["post-438517","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","category-news","category-analysis","tag-bitcoin","tag-btc","tag-btcusd","tag-btcusdt","tag-crypto","tag-xbt","tag-xbtusd"],"acf":[],"yoast_head":"\nDid Bitcoin Just Confirm It\u2019s Largest Reversal Pattern In History?<\/title>\n<meta name=\"description\" content=\"All eyes are on Bitcoin and more specifically if the cryptocurrency is able to hold above both the "meme" downtrend line and the critical level of\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/did-bitcoin-just-confirm-its-largest-reversal-pattern-in-history\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Did Bitcoin Just Confirm It\u2019s Largest Reversal Pattern In History?\" \/>\n<meta property=\"og:description\" content=\"All eyes are on Bitcoin and more specifically if the cryptocurrency is able to hold above both the "meme" downtrend line and the critical level of\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/did-bitcoin-just-confirm-its-largest-reversal-pattern-in-history\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2020-09-15T17:00:55+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T07:45:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/09\/bitcoin-reversal-pattern-Depositphotos_353652756_xl-2015-scaled.jpg?fit=2480%2C2560\" \/>\n\t<meta property=\"og:image:width\" content=\"2480\" \/>\n\t<meta property=\"og:image:height\" content=\"2560\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Tony "El Toro" Severino\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/tonythebullBTC\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Tony "El Toro" Severino\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/wncen.com\/news\/did-bitcoin-just-confirm-its-largest-reversal-pattern-in-history\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/news\/did-bitcoin-just-confirm-its-largest-reversal-pattern-in-history\/\"},\"author\":{\"name\":\"Tony \\\"El Toro\\\" Severino\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/5322c9a09a6f19804bb578de17556a1d\"},\"headline\":\"Did Bitcoin Just Confirm It\u2019s Largest Reversal Pattern In History?\",\"datePublished\":\"2020-09-15T17:00:55+00:00\",\"dateModified\":\"2024-06-11T07:45:41+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/did-bitcoin-just-confirm-its-largest-reversal-pattern-in-history\/\"},\"wordCount\":488,\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/did-bitcoin-just-confirm-its-largest-reversal-pattern-in-history\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/09\/bitcoin-reversal-pattern-Depositphotos_353652756_xl-2015-scaled.jpg?fit=2480%2C2560\",\"keywords\":[\"bitcoin\",\"btc\",\"btcusd\",\"BTCUSDT\",\"crypto\",\"xbt\",\"xbtusd\"],\"articleSection\":[\"Bitcoin\",\"Cryptocurrency Market News\",\"Technical analysis\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\/\/wncen.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wncen.com\/news\/did-bitcoin-just-confirm-its-largest-reversal-pattern-in-history\/\",\"url\":\"https:\/\/wncen.com\/news\/did-bitcoin-just-confirm-its-largest-reversal-pattern-in-history\/\",\"name\":\"Did Bitcoin Just Confirm It\u2019s Largest Reversal Pattern In History?\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/did-bitcoin-just-confirm-its-largest-reversal-pattern-in-history\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/did-bitcoin-just-confirm-its-largest-reversal-pattern-in-history\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/09\/bitcoin-reversal-pattern-Depositphotos_353652756_xl-2015-scaled.jpg?fit=2480%2C2560\",\"datePublished\":\"2020-09-15T17:00:55+00:00\",\"dateModified\":\"2024-06-11T07:45:41+00:00\",\"description\":\"All eyes are on Bitcoin and more specifically if the cryptocurrency is able to hold above both the \\\"meme\\\" downtrend line and the critical level of\",\"breadcrumb\":{\"@id\":\"https:\/\/wncen.com\/news\/did-bitcoin-just-confirm-its-largest-reversal-pattern-in-history\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/wncen.com\/news\/did-bitcoin-just-confirm-its-largest-reversal-pattern-in-history\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/news\/did-bitcoin-just-confirm-its-largest-reversal-pattern-in-history\/#primaryimage\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/09\/bitcoin-reversal-pattern-Depositphotos_353652756_xl-2015-scaled.jpg?fit=2480%2C2560\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/09\/bitcoin-reversal-pattern-Depositphotos_353652756_xl-2015-scaled.jpg?fit=2480%2C2560\",\"width\":2480,\"height\":2560,\"caption\":\"The businessman supporting growtn in economy on chart graph\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/wncen.com\/news\/did-bitcoin-just-confirm-its-largest-reversal-pattern-in-history\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/wncen.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Did Bitcoin Just Confirm It\u2019s Largest Reversal Pattern In History?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/wncen.com\/#website\",\"url\":\"https:\/\/wncen.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin & Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/wncen.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/wncen.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/wncen.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/5322c9a09a6f19804bb578de17556a1d\",\"name\":\"Tony \\\"El Toro\\\" Severino\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/129b75c18bdea8b048f1d7d526df61d7?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/129b75c18bdea8b048f1d7d526df61d7?s=96&d=mm&r=g\",\"caption\":\"Tony \\\"El Toro\\\" Severino\"},\"description\":\"Tony \\\"The Bull\\\" Severino, CMT, is a distinguished figure in the cryptocurrency analysis sector, renowned for his in-depth technical expertise and innovative approach to market trends. As the Head of Research at NewsBTC, Tony leads a team dedicated to providing cutting-edge insights and forecasts, helping both novice and experienced traders navigate the complexities of the crypto market. A seasoned Chartered Market Technician, Tony's prowess in identifying and capitalizing on market patterns is unmatched. His academic and professional journey in market analysis has firmly established him as a leading authority in technical trading strategies. Tony\u2019s approach is heavily influenced by the principles of Elliott Wave Theory, a method known for its rigorous assessment of investor psychology and price movements. Beyond his role at NewsBTC, Tony is the visionary founder of CoinChartist.io, an educational platform aimed at demystifying the nuances of cryptocurrency trading. CoinChartist.io serves as a valuable resource for traders seeking to enhance their technical analysis skills. The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions. In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony\u2019s expertise to guide their trading strategies. Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies. Before his ascent in the financial analysis world, Tony honed his skills in journalism. His background in this field has endowed him with a unique ability to present intricate market dynamics in a clear and compelling manner, making his insights highly sought after by a broad audience that ranges from casual readers to professional traders. His professional affiliations underscore his commitment to excellence and continuous learning. As a partner of Elliott Wave International and TradingView, Tony collaborates with other leading experts to enhance his knowledge and skills. His active membership in the CMT Association further aligns him with the highest standards of industry practices and ethics. Tony\u2019s nickname, \\\"The Bull,\\\" aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. His forecasts often anticipate significant upturns, earning him a reputation for bullish predictions that have frequently led to lucrative outcomes for those who follow his advice. In summary, Tony \\\"The Bull\\\" Severino, CMT, is more than just a technical analyst; he is a mentor, educator, and innovator whose influence in the cryptocurrency space continues to grow. His dedication to advancing the understanding of market forces and his commitment to providing high-quality, reliable analysis make him a pivotal figure in the world of cryptocurrency trading.\",\"sameAs\":[\"https:\/\/coinchartist.io\/\",\"https:\/\/www.instagram.com\/coinchartist_io\/\",\"https:\/\/x.com\/https:\/\/twitter.com\/tonythebullBTC\",\"https:\/\/www.youtube.com\/@coinchartist_io\"],\"url\":\"https:\/\/wncen.com\/author\/tonymspilotro\/\"}]}<\/script>\n","yoast_head_json":{"title":"Did Bitcoin Just Confirm It\u2019s Largest Reversal Pattern In History?","description":"All eyes are on Bitcoin and more specifically if the cryptocurrency is able to hold above both the \"meme\" downtrend line and the critical level of","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/wncen.com\/news\/did-bitcoin-just-confirm-its-largest-reversal-pattern-in-history\/","og_locale":"en_US","og_type":"article","og_title":"Did Bitcoin Just Confirm It\u2019s Largest Reversal Pattern In History?","og_description":"All eyes are on Bitcoin and more specifically if the cryptocurrency is able to hold above both the \"meme\" downtrend line and the critical level of","og_url":"https:\/\/wncen.com\/news\/did-bitcoin-just-confirm-its-largest-reversal-pattern-in-history\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2020-09-15T17:00:55+00:00","article_modified_time":"2024-06-11T07:45:41+00:00","og_image":[{"width":2480,"height":2560,"url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/09\/bitcoin-reversal-pattern-Depositphotos_353652756_xl-2015-scaled.jpg?fit=2480%2C2560","type":"image\/jpeg"}],"author":"Tony \"El Toro\" Severino","twitter_card":"summary_large_image","twitter_creator":"@https:\/\/twitter.com\/tonythebullBTC","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Tony \"El Toro\" Severino","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/wncen.com\/news\/did-bitcoin-just-confirm-its-largest-reversal-pattern-in-history\/#article","isPartOf":{"@id":"https:\/\/wncen.com\/news\/did-bitcoin-just-confirm-its-largest-reversal-pattern-in-history\/"},"author":{"name":"Tony \"El Toro\" Severino","@id":"https:\/\/wncen.com\/#\/schema\/person\/5322c9a09a6f19804bb578de17556a1d"},"headline":"Did Bitcoin Just Confirm It\u2019s Largest Reversal Pattern In History?","datePublished":"2020-09-15T17:00:55+00:00","dateModified":"2024-06-11T07:45:41+00:00","mainEntityOfPage":{"@id":"https:\/\/wncen.com\/news\/did-bitcoin-just-confirm-its-largest-reversal-pattern-in-history\/"},"wordCount":488,"publisher":{"@id":"https:\/\/wncen.com\/#organization"},"image":{"@id":"https:\/\/wncen.com\/news\/did-bitcoin-just-confirm-its-largest-reversal-pattern-in-history\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/09\/bitcoin-reversal-pattern-Depositphotos_353652756_xl-2015-scaled.jpg?fit=2480%2C2560","keywords":["bitcoin","btc","btcusd","BTCUSDT","crypto","xbt","xbtusd"],"articleSection":["Bitcoin","Cryptocurrency Market News","Technical analysis"],"inLanguage":"en-US","copyrightYear":"2020","copyrightHolder":{"@id":"https:\/\/wncen.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/wncen.com\/news\/did-bitcoin-just-confirm-its-largest-reversal-pattern-in-history\/","url":"https:\/\/wncen.com\/news\/did-bitcoin-just-confirm-its-largest-reversal-pattern-in-history\/","name":"Did Bitcoin Just Confirm It\u2019s Largest Reversal Pattern In History?","isPartOf":{"@id":"https:\/\/wncen.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/wncen.com\/news\/did-bitcoin-just-confirm-its-largest-reversal-pattern-in-history\/#primaryimage"},"image":{"@id":"https:\/\/wncen.com\/news\/did-bitcoin-just-confirm-its-largest-reversal-pattern-in-history\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/09\/bitcoin-reversal-pattern-Depositphotos_353652756_xl-2015-scaled.jpg?fit=2480%2C2560","datePublished":"2020-09-15T17:00:55+00:00","dateModified":"2024-06-11T07:45:41+00:00","description":"All eyes are on Bitcoin and more specifically if the cryptocurrency is able to hold above both the \"meme\" downtrend line and the critical level of","breadcrumb":{"@id":"https:\/\/wncen.com\/news\/did-bitcoin-just-confirm-its-largest-reversal-pattern-in-history\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/wncen.com\/news\/did-bitcoin-just-confirm-its-largest-reversal-pattern-in-history\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/news\/did-bitcoin-just-confirm-its-largest-reversal-pattern-in-history\/#primaryimage","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/09\/bitcoin-reversal-pattern-Depositphotos_353652756_xl-2015-scaled.jpg?fit=2480%2C2560","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/09\/bitcoin-reversal-pattern-Depositphotos_353652756_xl-2015-scaled.jpg?fit=2480%2C2560","width":2480,"height":2560,"caption":"The businessman supporting growtn in economy on chart graph"},{"@type":"BreadcrumbList","@id":"https:\/\/wncen.com\/news\/did-bitcoin-just-confirm-its-largest-reversal-pattern-in-history\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/wncen.com\/"},{"@type":"ListItem","position":2,"name":"Did Bitcoin Just Confirm It\u2019s Largest Reversal Pattern In History?"}]},{"@type":"WebSite","@id":"https:\/\/wncen.com\/#website","url":"https:\/\/wncen.com\/","name":"NewsBTC","description":"Bitcoin & Cryptocurrency News Today","publisher":{"@id":"https:\/\/wncen.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/wncen.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/wncen.com\/#organization","name":"NewsBTC","url":"https:\/\/wncen.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/wncen.com\/#\/schema\/person\/5322c9a09a6f19804bb578de17556a1d","name":"Tony \"El Toro\" Severino","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/129b75c18bdea8b048f1d7d526df61d7?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/129b75c18bdea8b048f1d7d526df61d7?s=96&d=mm&r=g","caption":"Tony \"El Toro\" Severino"},"description":"Tony \"The Bull\" Severino, CMT, is a distinguished figure in the cryptocurrency analysis sector, renowned for his in-depth technical expertise and innovative approach to market trends. As the Head of Research at NewsBTC, Tony leads a team dedicated to providing cutting-edge insights and forecasts, helping both novice and experienced traders navigate the complexities of the crypto market. A seasoned Chartered Market Technician, Tony's prowess in identifying and capitalizing on market patterns is unmatched. His academic and professional journey in market analysis has firmly established him as a leading authority in technical trading strategies. Tony\u2019s approach is heavily influenced by the principles of Elliott Wave Theory, a method known for its rigorous assessment of investor psychology and price movements. Beyond his role at NewsBTC, Tony is the visionary founder of CoinChartist.io, an educational platform aimed at demystifying the nuances of cryptocurrency trading. CoinChartist.io serves as a valuable resource for traders seeking to enhance their technical analysis skills. The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions. In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony\u2019s expertise to guide their trading strategies. Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies. Before his ascent in the financial analysis world, Tony honed his skills in journalism. His background in this field has endowed him with a unique ability to present intricate market dynamics in a clear and compelling manner, making his insights highly sought after by a broad audience that ranges from casual readers to professional traders. His professional affiliations underscore his commitment to excellence and continuous learning. As a partner of Elliott Wave International and TradingView, Tony collaborates with other leading experts to enhance his knowledge and skills. His active membership in the CMT Association further aligns him with the highest standards of industry practices and ethics. Tony\u2019s nickname, \"The Bull,\" aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. His forecasts often anticipate significant upturns, earning him a reputation for bullish predictions that have frequently led to lucrative outcomes for those who follow his advice. In summary, Tony \"The Bull\" Severino, CMT, is more than just a technical analyst; he is a mentor, educator, and innovator whose influence in the cryptocurrency space continues to grow. His dedication to advancing the understanding of market forces and his commitment to providing high-quality, reliable analysis make him a pivotal figure in the world of cryptocurrency trading.","sameAs":["https:\/\/coinchartist.io\/","https:\/\/www.instagram.com\/coinchartist_io\/","https:\/\/x.com\/https:\/\/twitter.com\/tonythebullBTC","https:\/\/www.youtube.com\/@coinchartist_io"],"url":"https:\/\/wncen.com\/author\/tonymspilotro\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Did Bitcoin Just Confirm It\u2019s Largest Reversal Pattern In History?","url":"http:\/\/wncen.com\/news\/did-bitcoin-just-confirm-its-largest-reversal-pattern-in-history\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/did-bitcoin-just-confirm-its-largest-reversal-pattern-in-history\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/09\/bitcoin-reversal-pattern-Depositphotos_353652756_xl-2015-scaled.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/09\/bitcoin-reversal-pattern-Depositphotos_353652756_xl-2015-scaled.jpg?fit=2480%2C2560"},"articleSection":"Bitcoin","author":[{"@type":"Person","name":"Tony \"El Toro\" Severino"}],"creator":["Tony \"El Toro\" Severino"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","btc","btcusd","btcusdt","crypto","xbt","xbtusd"],"dateCreated":"2020-09-15T17:00:55Z","datePublished":"2020-09-15T17:00:55Z","dateModified":"2024-06-11T07:45:41Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Did Bitcoin Just Confirm It\\u2019s Largest Reversal Pattern In History?\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/did-bitcoin-just-confirm-its-largest-reversal-pattern-in-history\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/did-bitcoin-just-confirm-its-largest-reversal-pattern-in-history\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/09\\\/bitcoin-reversal-pattern-Depositphotos_353652756_xl-2015-scaled.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/09\\\/bitcoin-reversal-pattern-Depositphotos_353652756_xl-2015-scaled.jpg?fit=2480%2C2560\"},\"articleSection\":\"Bitcoin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Tony \\\"El Toro\\\" Severino\"}],\"creator\":[\"Tony \\\"El Toro\\\" Severino\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"btc\",\"btcusd\",\"btcusdt\",\"crypto\",\"xbt\",\"xbtusd\"],\"dateCreated\":\"2020-09-15T17:00:55Z\",\"datePublished\":\"2020-09-15T17:00:55Z\",\"dateModified\":\"2024-06-11T07:45:41Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/09\/bitcoin-reversal-pattern-Depositphotos_353652756_xl-2015-scaled.jpg?fit=2480%2C2560","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/438517"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/517"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=438517"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/438517\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/438522"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=438517"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=438517"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=438517"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}