Capitulation in April - Harmonic Patterns + Pennant
Updated
This triangle in BTCUSDT shows an upcoming dump to occur in the month of April or less likely at the beginning of May.
This triangle will dump BTC to 4-5k and I expect the whole market to have a big bounce towards those levels.
Within the next week, I expect a possible bounce to 8k maximum. The bounce will happen cause the fractal harmonic pattern shown will likely take btc back to that level. I am going to short BTC once more as soon as the price reaches this area.
Good luck!
This triangle will dump BTC to 4-5k and I expect the whole market to have a big bounce towards those levels.
Within the next week, I expect a possible bounce to 8k maximum. The bounce will happen cause the fractal harmonic pattern shown will likely take btc back to that level. I am going to short BTC once more as soon as the price reaches this area.
Good luck!
Comment
We could be having a double bottom now.Comment
A triangle seems to be forming.Comment
It's a falling wedge reversal pattern I think.Comment
Possible bear flag forming. Next move should be downwards.Comment
After the bear flag pattern worked out and Bitcoin dumped to lower levels (-8%), we have just had a strong bounce. There is a small bull flag that might play out, although I wouldn't go long.Comment
Bull flag pumped. Now looks like a rising wedge.Comment
The rising wedge dumped but price action eventually started moving upwards. I think that BTC's price will go maximum to 7900 in this bounce. Then it will dump again once more.Comment
DIdn't even make it to 7900. It is already dumping because of a Bearish Harmonic Pattern that was formed in the last 24h.Trade active
A right-angled broadening bottom just appeared!Comment
Thinking of going long here:Comment
Bitcoin is creating a diamond bottoms pattern. A reversal to the bearish downtrend should be coming in the next hours.Comment
A better look at the diamond reversal pattern.Comment
BTCKRW might be creating a bullish alt bat.Trade active
Aaaand we bounced. Seems like a Bearish Harmonic Pattern is shaping up.Comment
Price is bouncing as expected. Still within triangle. Big bull trap so I doubt we'll see BTC going past 8600 at this point.Comment
We're at the resistance level of the triangle. This is the moment of truth. I expect BTC to go down right now.Comment
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