Possible Bullish Bat - BTC

Something to keep an eye on is the possible formation of a bullish bat harmonic. Initial targets would be point B or the 0.618 retrace of A-D, which would give $8300-$8500. If this is cleared I would next be eyeing the upper log trend line and the 1.272-1.618 fib extensions, PT around $9500.

This could also fit into our wave count as a micro 5-wave down as part of a zigzag correction. I will post an updated wave count when I get a chance, but I am out of town for business at the moment.

Also keep an eye on my macro Adam and Eve double bottom idea, linked below.

تعليق:

If $7500 holds, harmonic is in play.

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Lol