Bitcoin has found the bottomlegit entry point, we can see fakeout and quick increase. Wait for the breakout and test! positive divergences also cherry on the cake
Bitcoinharmonic
Bitcoin Bearish Harmonics Working Out!I have been updating chart since a few last days and BITCOIN hasn't done anything strange so far if you look at it.
We're still ranging, even thou we faked out once by breaking the rising wedge but we're again under the wedge. We've seen ALTs pumping hard due to BTC ranging for the last few hours, we only crashed once and bought back up so fast. Bitcoin is still at a very very strong resistance and we're hoping that it breaks and go up up. But corrections are always healthy and due, TBH!
Recently bearish harmonics was formed and we're seeing some corrections from the last update.
snapshot
We're at a strong resistance and needs to break ASAP ortherwise it will take us to the area marked as a strong support zone and maybe below it.
Bitcoin Price: $57,734
Thank You & Good Luck.
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BITCOIN - BTC/USD Possible Bat Pattern 4HEntry as usual 88.6% of XA
Targets are 31.2 and 61.8 of AD
SL above X
Note: Use your own dillegence entering the markets.
I don't trade fundamentals, however, I think Bitcoin is extremely overbought so I'm looking
for a Bearish Pattern as a short oportunity.
When Bitcoin is at a more reasonable price, I would be looking to invest looking for harmonic patterns
as entry.
