BTC Bearish Bat Harmonic

Updated

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.

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

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

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That's probably too soon though.

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

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

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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.

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.786 was a good spot for someone to tp

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

Trade closed: target reached

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

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

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This indicator is showing bearish divergence on the 3h

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Time for zzz

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Possibly similar setup as before

navonods

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