BTC Bearish Bat Harmonic

٩ يوليو ٢٠٢١

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.

٩ يوليو ٢٠٢١

ملاحظة

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

٩ يوليو ٢٠٢١

ملاحظة

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

٩ يوليو ٢٠٢١

ملاحظة

That's probably too soon though.

٩ يوليو ٢٠٢١

ملاحظة

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

٩ يوليو ٢٠٢١

ملاحظة

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

٩ يوليو ٢٠٢١

ملاحظة

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.

١٠ يوليو ٢٠٢١

ملاحظة

.786 was a good spot for someone to tp

١١ يوليو ٢٠٢١

ملاحظة

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

١٢ يوليو ٢٠٢١

أغلقت الصفقة: تم الوصول للهدف

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

١٢ يوليو ٢٠٢١

ملاحظة

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

١٢ يوليو ٢٠٢١

ملاحظة

This indicator is showing bearish divergence on the 3h

١٢ يوليو ٢٠٢١

ملاحظة

Time for zzz

١٣ يوليو ٢٠٢١

ملاحظة

Possibly similar setup as before