BTC is in progress of creating Bearish 3 Drives.This is totally Harmonic Pattern based on Fibonacci numbers.
What is interesting in this set up is the fact that if BTC price reach 3rd drive at point F on chart we will automatically get Double Top. Another thing is that BC leg extension at point F is hitting 1.61 fib. So point F will be completion of Double Top, 1.61 BC extension and 1.27 DE extension.
Of course all that does not mean that price will reverse and start dropping but ... Time will show the truth.
If price drop below pink support line and creates low pattern becomes invalid.
This information is not a recommendation to buy or sell.
What is interesting in this set up is the fact that if BTC price reach 3rd drive at point F on chart we will automatically get Double Top. Another thing is that BC leg extension at point F is hitting 1.61 fib. So point F will be completion of Double Top, 1.61 BC extension and 1.27 DE extension.
Of course all that does not mean that price will reverse and start dropping but ... Time will show the truth.
If price drop below pink support line and creates low pattern becomes invalid.
This information is not a recommendation to buy or sell.
تعليق:
Coinbase chart shows different harmonic pattern but with the same outcome - move up to 9700 level. Pattern is - Bullish 4 point continuation
تعليق:
0.38 fib level reached. Few more and we hit the top.
تعليق:
If You find this TA helpful please hit that LIKE button cos that means a lot to me.
تعليق:
0.38 acts as strong resistance.
تعليق:
0.38 level broken. Heading towards 0.61.
Sorry for shitty screen - updating from mobile
Sorry for shitty screen - updating from mobile
تعليق:
0.61 reached. Slowly climbing towards top.
تعليق:
0.61 fun level broken and confirmed. Moving up nicely toward the top.
تعليق:
0.78 and 0.88 levels broken. Hope you enjoy that ride to the top
تعليق:
Fib 1 level broken - this baby is flying towards 9700
تعليق:
1.13 fib level smashed .
9700 smashed
9700 smashed
تعليق:
Fib level 1.27 delivered as promised
تعليق:
Just to thanks all of You who followed that trade. Enjoy