LONG BTC/USD
Good Evening everyone,
The bitcoin downtrend is heading towards the 39000 area where the bearish head and shoulders target is located and where we have the minimum ratios on the PRZ of the bullish shark in formation. The other possibility is that the bearish momentum continues until the price action area @ $ 33000 where the PRZ of a bullish bat is forming.
Both harmonic patterns target are located @ $ 48,000- $ 50,000 zone.
The inflow to the exchanges is risen lately, that means that the big investors are selling now, making the most of the panic sell , looking for those target area to re-buy the deep.
The bitcoin downtrend is heading towards the 39000 area where the bearish head and shoulders target is located and where we have the minimum ratios on the PRZ of the bullish shark in formation. The other possibility is that the bearish momentum continues until the price action area @ $ 33000 where the PRZ of a bullish bat is forming.
Both harmonic patterns target are located @ $ 48,000- $ 50,000 zone.
The inflow to the exchanges is risen lately, that means that the big investors are selling now, making the most of the panic sell , looking for those target area to re-buy the deep.
Trade active
harmonic BAT completed entry @ $ 33000
s/l @ $ 29000
tp1 @ $ 43000
Trade active
traiing s/l @ $ 32810Note
type 2 reversal....still looking to reach the target @ $ 48000
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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.