Bitcoin / TetherUS
بيع
تم تحديثه

BTC (Prj.2019.P04.E07).MicroLevel.Targets

223
Observation based on the chart:

A number of scenarios:
Symmetric triangle > as we seen the middle section (pink rectangle) acting as the magnet for the ranging level\support
Potential Harmonic pattern as we have the XABC with 0.5 and 0.96
Established channel - fib.pitchfork channel + above fib.line and below fib. line where historically played resistance and support
We have the Macro and Medium formations

My thoughts for the short move, the harmonic makes sense, target D however the confirmation will be required, if it drops out of the triangle formation.
If so, we potentially expect a bounce...as part of the overall bearish medium pattern (parting channel - black lines)


4 HRLY chart close up
لقطة

Symmetric triangle pattern
لقطة

MACRO overview
لقطة

Triple top or triple bottom. Its unusual to have triple top play out, less likely.
لقطة

ملاحظة
لقطة
ملاحظة
It seems the bulls are protecting 10280 however what is to ignite this up is missing...the longer it goes sideways, the less likely it will go up unless there is a drop, a push downwards and if its protected then, it will give the moment that is needed. 10220? لقطة
ملاحظة
لقطة
ملاحظة
can it be this?
لقطة
ملاحظة
The move came, hitting the 0.5 fib level. Question is can the bulls take it back...I don't think so.
لقطة
ملاحظة
chart update: not perfect as per original post but close enough to state two milestones reached (obviously not to scale) in the micro moves
لقطة

إخلاء المسؤولية

لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.