BITCOIN, WEEKLY - Potential harmonic pattern
Very sharp decrease on Bitcoin. There was some slight reaction on 78.6 Fibo recently. If 17700 will be broken, there might occur fullfillment of Bat Pattern on 88.6. At that zone there is also former resistance level. Potential bullish reaction at 11200-12000 should be treated as corrective move (range indicated by rectangle). Trade carefully!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.