BTCUSD is in the built of a "Harmonic Deep Crab Pattern".
It seems the demand and supply of the asset have been in a very volatile zone.
If the asset breaks 30500 then the probability of the price to reach PRZ will be very high.
Now, this PRZ will work as a supply zone for a short period or create momentum to boost the asset to the given bullish target.
I am learning this new harmonic pattern and found it working perfectly for nifty analysis.
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There are several PRZ zones that nifty have shown minor correction.
Levels are:
1) 0.886 - 11830.00
2) 1.132 - 12900.00
3) 1.272 - 13600.00
Now according to my analysis, it has stretched to higher levels. Slowly the pace of nifty is also falling indicating a pattern for a...