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BTC Bearish Bat Harmonic

216
We bounced nicely off the 1.618. Now found support at .886 and breaking .786. If we get above .618 I believe the bat plays out.
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Forgot to mention 200 ema resistance now turned support and bullish divergence on the MACD
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snapshot Back above channel and trend line. Next trendline may coincide with pattern completion on harmonic.
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snapshot That's probably too soon though.
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snapshot If we don't make it by 10pm est we have the trendline to push through.
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And if that happens were above a month long trendline and that may be too bullish for the bat to work.
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On second thought it could easily happen later then 10pm and still work. The trend line has only two tests and it could wick back down. I do't give much weight to the 10pm time limit.
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snapshot .786 was a good spot for someone to tp
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snapshot Broke the trendline now hit just under .886. Another good tp area.
Trade closed: target reached
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Pattern completed. With some bearish div on 1, 2, 3 and 4 hour MACD
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1,2,4 rather. Not on the 3h
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snapshot
This indicator is showing bearish divergence on the 3h
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Time for zzz
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snapshot Possibly similar setup as before
navonods
Chart PatternsHarmonic Patterns

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.
Chart PatternsHarmonic Patterns
navonods

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.