BitcoinAtualizado BitCoin (BTCUSD) ... Time for well needed rest ??
We appear to be in the process of forming a bearish harmonic Shark pattern on BitCoin ( BTCUSD )
Some weight should be given to this assumption, as point B has been broken !
Ideal Shark D termination points are .886 and 1.13 percent extensions of the XA leg.
This suggests targets in the 20,800 and 19,900 area(s) probably later this month.
In my experience, predicting harmonic patterns is less reliable than after a proper pattern has formed.
DYODD and watch NASDAQ softness for additional confirmation.
I will update as required,
S.
Some weight should be given to this assumption, as point B has been broken !
Ideal Shark D termination points are .886 and 1.13 percent extensions of the XA leg.
This suggests targets in the 20,800 and 19,900 area(s) probably later this month.
In my experience, predicting harmonic patterns is less reliable than after a proper pattern has formed.
DYODD and watch NASDAQ softness for additional confirmation.
I will update as required,
S.
Nota
An update...Nota
A further update...
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.