BitcoinUpdated Bears back in control [$BTC - Daily analysis - 6/24]
Seems bulls have lost their position in the short-term structure as we have wicked through the HL, needs to close below (aqua line) for us to have Bullish expectation failure for the short-term and back to Bearish expectation for the longer term, was expecting it to happen sooner but we retested the LH and failed to close above. Also a harmonic Shark seems to be appearing which would add a price prediction to this analysis. If in short, can take profit at the points listed and prepare for a short-term bounce.
Trade closed: target reached
TP1 reached, in original I did not add the fibs for after D, here they are. Yellow is if support at TP1, Aqua is if at support at TP2; Stops would be placed under PRZ for D leg once start to show some support.Trade closed: target reached
TP2 reached, yellow lines invalidated, aqua in play.
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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.