Bitcoin has finally achieved ETF listing. This should be considered a historic turning point. However, the market's response has been lackluster. What is happening? Technically, we have descended through eight gray channels and retraced back up four. Although whether this indicates a key level for trend reversal is not yet clear, the harmonic pattern...
Whether it marks a local top or the end of a 1-year-long uptrend, there's a growing sentiment that Bitcoin is due for a reversal soon. I've attempted to use channels, harmonic patterns, and Elliott Wave theory in this analysis. Just to let you know, I haven't ruled out the possibility of BTC setting new lows, which means that this rise could be a corrective wave...
BTC looks bearish with a bearish sea pony harmonic pattern forming on the 4H TF chart. We've already got a retracement to the level of point B, which is a typical target of the pattern. However, sea pony patterns often develop into a more powerful bearish pattern, the sea horse. Sea horse's TP is 1.618 extension of BC from point D. But, as the chart shows, such...
The price is expecting to go high in the next view hours, and here we have this pattern is tracing the current price move. The pattern is valid till the level 1.176505.
Hey guys. First of all, we have " SEA PONEY " pattern from point X to D. Also, it can be three attack When the chart receives to D, a bearish market begins. we have very powerful Fibo lines above D and it can not Pass them. base on Ichimoku indicator I found several strong resistance and supports lines. another reason that can improve my...
BTCUSD D1 Bullish Sea Pony - Long Setup Price bounced several times at the Potential Completion Zone (PCZ). 1'st ENTRY LONG BTCUSD @ 5061.0 SL @ 4303.0 TP @ 6459.0 RR: 1.84, SWING Setup! 2'st ENTRY LONG BTCUSD @ 5061.0 SL @ 4303.0 TP @ 7790.0 RR: 3.6, SWING Setup! 3'st ENTRY LONG BTCUSD @ 5061.0 SL @ 4303.0 TP @ 9155.0 RR: 5.4, SWING Setup! Enjoy...