BTC harmonic shark pattern, this can lead all the way down to the Weekly 200 MA currently sitting at 18500 very close to the D point on the chart, this important MA has been touched after each and every ATH top, it remains to be seen if this is the top but once we are below 58k, the longer we remain below the chance of dropping to these levels increases.
Support Zone VWAP & 200 Ma 44k region
37k
35k
29k
Support Zone VWAP & 200 Ma 44k region
37k
35k
29k
Note
Possible short squeeze to 53k, this does not invalidate the overall pattern, nothing just goes down or up, there are many movements in between, Harmonic patterns give us a great blueprint to work with in the overall trend. We start to look bullish if we break 58k, but invalidation of the pattern does not occur until price is above C point at 69k. VWAP is holding price across all exchanges between 43500-45500 depending on the exchange.Note
Note
Note
VWAP & 44K support lostNote
bounce off 33k
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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.