Pattern: Bullish Harmonic Reversal – BAT Pattern
Bitcoin has completed a harmonic Bullish Bat Pattern, suggesting a potential upside reversal from the D point.
Current price: $107,186
The harmonic structure follows ideal ratios:
AB retraces 30.2% of XA
BC extends 118.1% of AB
CD completes near 88.6% of XA – confirming the Bat pattern
Trade Plan:
Many traders have already entered positions.
However, if price retraces to the $104k level, a re-entry opportunity exists with a stop loss around $100k—just below the D-point and strong support zone.
Targeting the yellow upward path, the structure supports a continuation toward new highs, possibly surpassing $115k–$120k, depending on momentum.
RSI (14):
RSI is currently 67.99, approaching overbought but still supportive of bullish continuation.
A recent bullish RSI divergence strengthens the reversal scenario.
Conclusion:
This harmonic Bat pattern suggests a strong bullish structure is forming. As long as price holds above the $100k zone, buyers may continue to dominate, with high probability setups forming for trend continuation.
Bitcoin has completed a harmonic Bullish Bat Pattern, suggesting a potential upside reversal from the D point.
Current price: $107,186
The harmonic structure follows ideal ratios:
AB retraces 30.2% of XA
BC extends 118.1% of AB
CD completes near 88.6% of XA – confirming the Bat pattern
Trade Plan:
Many traders have already entered positions.
However, if price retraces to the $104k level, a re-entry opportunity exists with a stop loss around $100k—just below the D-point and strong support zone.
Targeting the yellow upward path, the structure supports a continuation toward new highs, possibly surpassing $115k–$120k, depending on momentum.
RSI (14):
RSI is currently 67.99, approaching overbought but still supportive of bullish continuation.
A recent bullish RSI divergence strengthens the reversal scenario.
Conclusion:
This harmonic Bat pattern suggests a strong bullish structure is forming. As long as price holds above the $100k zone, buyers may continue to dominate, with high probability setups forming for trend continuation.
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.
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.