BTC has touched 59.6k third time in 2024 and every time it pumped from here, so this last hope for up movement. If BTC fails to pump from here then 50k or lower is very near.
At least 68k is expected until halving.
Since 15555 we are seeing this formation and then a breakout now we have the BIGGest CUP_ ever which do deserve a BIG handle.
Market Makers I believe you will love to see that formation of the bigger charts.
We have a strong down side QS setup to follow QS downside targets 15555 ( too ambitious !!), just talking in a TA language, anything is possible.
But for...
This is BTCUDT 1 hour frame long position. As per my setup it has given a long entry breaking previous swing high and now that is acting as support. Targets are marked with yellow lines upside. The structure is simple with finding Demand & supply zone. I always prefer horizontal support as I do not find trendline useful my style of trading. The RR is always 1:5 +...
BITSTAMP:BTCUSD
📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock Market). That's Why One Should Must Have Knowledge Of Reversal Trading To Trade On Harmonic Patterns.
📌 That Dash Line Is Called...
Looks like a falling wedge may be in play while we are also way over sold rsi on the daily (bullish div on hourly), BTC might do something here.
Keep your eyes on it
11.6% gain potential
1.14% loss potential, SET STOPLOSS in case we continue to dump.
