Bitcoin: The tale of the two harmonicsThe orange harmonic is a "Deep Crab" and the aqua harmonic is a "Shark" - One of these patterns will invalidate the other
Price action must not close below (if advancing to the Deep Crabs ratios) below the PRZ or there is a high probability it will continue to the next, the same applies vice versa if it is advancing to the aqua Sharks ratios, price action must not close above the PRZ or there is a high probability it will continue to the next one.
Always consult with the R:R of the position before entering to see if the risk:reward is right for you. (You should always aim for 1:2+ R:R and the reason for this is even with a 33% W/R you can still be profitable aiming for 1:2+ R:R positions, if you have a 25% W/R, 1:3+ R:R positions and you will be profitable in the long run - Obviously if you have a higher W/R and still continue to look for and aim to exit at a minimum 1:2+ R:R the returns will speak for themselves)
Stops should be placed accordingly below the PRZs if trading based on these structures; Riskier traders can start entering here, while safer traders can wait for other signals such as chart patterns, candlestick formations, or divergences.
(Be aware that the market structure is leaning toward bearish at this point because has made a New Structure Low, however it could easily reverse and begin to make New Structure Highs)
