Possible (yet quite unlikely) Bat/Alternate Bat formation
Updated
Bitcoin is in a place where two harmonic formations could be forming. Bat formation with point D around $13000 and an Alternate Bat with point D at $4500. But that would mean a huge crash. Would I bet my money on this scenario? Not really, but I would be careful with buying at least until we negate those formations (that would happen after the price reaches the $41000).
Trade closed: stop reached
Both possible formations were negated when the price soared all the way up to $43000.
You can find more information about our scripts at patternshunters.com/
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.