We are currently sitting right where we need to be in order to see this harmonic play out, we have already seen the initial impulse reaction followed by the retrace, which is where we are currently at right now. Everything still depends on bitcoin not dumping, however. Targets are in yellow, stop loss is in red. We just saw a similar play play out on FLUX.
Note
Starting to play outNote
While target 1 was just barely hit, as BTC bottoms out we are begining to form a series of higher lows that imply an uptrend. I believe this project will far exceed the target levels in due time, but this is a medium to long term holdTrade closed: target reached
All targets have been reached, but I am setting new TPs at 4.91, 5.2676, and 6.2929
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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.