BTC Bearish Bat Harmonic

9 de jul. de 2021

We bounced nicely off the 1.618. Now found support at .886 and breaking .786. If we get above .618 I believe the bat plays out.

9 de jul. de 2021

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Forgot to mention 200 ema resistance now turned support and bullish divergence on the MACD

9 de jul. de 2021

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Back above channel and trend line. Next trendline may coincide with pattern completion on harmonic.

9 de jul. de 2021

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That's probably too soon though.

9 de jul. de 2021

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If we don't make it by 10pm est we have the trendline to push through.

9 de jul. de 2021

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And if that happens were above a month long trendline and that may be too bullish for the bat to work.

9 de jul. de 2021

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On second thought it could easily happen later then 10pm and still work. The trend line has only two tests and it could wick back down. I do't give much weight to the 10pm time limit.

10 de jul. de 2021

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.786 was a good spot for someone to tp

11 de jul. de 2021

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Broke the trendline now hit just under .886. Another good tp area.

12 de jul. de 2021

Trade fechado: objetivo atingido

Pattern completed. With some bearish div on 1, 2, 3 and 4 hour MACD

12 de jul. de 2021

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1,2,4 rather. Not on the 3h

12 de jul. de 2021

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This indicator is showing bearish divergence on the 3h

12 de jul. de 2021

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Time for zzz

13 de jul. de 2021

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Possibly similar setup as before