As you can see, since mid January we have had multiple harmonic patterns play out with extreme accuracy.
Starting with the Bearish Gartley that sent us from 12k all the way down to our low of 6k.
This of which completed a beautiful Bullish Butterfly that has sent us soaring to where we are now.
After an 80% increase from the bottom, we now have multiple Bearish Gartley patterns forming. Most of which are showing completion within the same zone.
The chart above shows many possibilities. We have a Bearish Bat, Bearish Butterfly and even TWO Bearish Crabs.
Three of which are showing heavy resistance from 10.8 through 11.1k. Meaning this could be an excellent short opportunity.
If Bitcoin manages to break past the 2.618 fib level, the next major resistance would be the downward trendline. Then the completion of the Bearish Crab extension following.
If these patterns complete themselves, my first major target is $9.1k
Possibility giving us all another great buying opportunity!
I wish you all the best of luck!
Starting with the Bearish Gartley that sent us from 12k all the way down to our low of 6k.
This of which completed a beautiful Bullish Butterfly that has sent us soaring to where we are now.
After an 80% increase from the bottom, we now have multiple Bearish Gartley patterns forming. Most of which are showing completion within the same zone.
The chart above shows many possibilities. We have a Bearish Bat, Bearish Butterfly and even TWO Bearish Crabs.
Three of which are showing heavy resistance from 10.8 through 11.1k. Meaning this could be an excellent short opportunity.
If Bitcoin manages to break past the 2.618 fib level, the next major resistance would be the downward trendline. Then the completion of the Bearish Crab extension following.
If these patterns complete themselves, my first major target is $9.1k
Possibility giving us all another great buying opportunity!
I wish you all the best of luck!
Trade ist aktiv:
Primary support levels shown in gold. Minor support levels are blue.
We could bounce from any support level! If short, be on your toes!
Primary Support Levels:
1st = 10k
2nd = 9.1k
3rd = 8.9k
We could bounce from any support level! If short, be on your toes!
Primary Support Levels:
1st = 10k
2nd = 9.1k
3rd = 8.9k
Kommentar:
Major resistance still remains the downward trendline, and 12.2
Kommentar:
I know the chart above shows differently... however this adjusted trendline shows that we are right at major resistance now. trade carefully. support levels remain the same. Breaking upwards would be a very bullish signal for BTC
Kommentar:
Possible Support Levels Shown in Gold
Kommentar:
Perfect bounce off the .382 support level! Very bullish sign for BTC! lets see if we can break past these possible resistance levels
Creator of DepthHouse Indicators on TradingView!
↣ depthhouse.com/
↣ depthhouse.com/
