enough said in the diagram....
Just note this is all happening on a descending triangle frame work which is the longer term structure, so the bat structure may have com truncation due to the triangle effect....A challenge to time right..!
Disclaimer... Not a trading advice!
i constructed the bat in a 5mins time frame so might look a bit weired at the first look here..
Also dont be a harmonic doctor n say the points dont match, infact i am super cautious with the points.... if i go to meet the point on the price i may miss the exact point on the price due to the cross hair n pointer blocking the candle top/bottom, so i drop the points...
A descending triangle plus a bearish bat formation...!
A very interesting case to follow ...
TArgets have been based on PRZ and fibonacci levels (1.27 mainly)
Disclaimer...this is not a trading/investment advice..
BITFINEX:BTCUSD A descending triangle breeding !
Brace !
Following the pattern there is going to be a 2 day stall in any major break of price action....
But then its mayhem to 7400 which is the 1.27 fibonacci level..
A bearish harmonic battern is to be watched for...!
Or a tripple/double bottom..!
Holy thou Shorters..!
Disclaimer..This is not a trading/investment...
BITFINEX:BTCUSD COINBASE:BTCUSD BITSTAMP:BTCUSD
bullish abcd on ascending triangle...
A continuation pattern..
Inside a falling channel
Disclaimer... this is not an investment advice,personally not trading and not investing
We mentioned in our last post that BTC will test 12K level, BTC was quite close on 20th Feb at 11788 and again bit lower at 11700.
BTC made down move since then and tested 9K level. 9K level has now become a very significant level, BTC today seems to be bouncing back from 9K level means the volume pumped in the market yesterday and today was not enough to push is...
Spreading rumors about Binance's security issues killed the momentum for BTC to reverse the trend. After last two patterns BTC failed to break out at the right moment(the inverse head and shoulder and triangular contraction).
If this rumor turns out to be true and plus if it catches everyone's attention, it is very highly likely that BTC will experience another...
BITFINEX:BTCUSD COINBASE:BTCUSD BITSTAMP:BTCUSD
Rationale for entry..
The reversal from the falling wedge on good volumes ,
The 5/13 dema cross on the uptrend,
The RSi in the oversold zone
And finally the Bryce Gilmore classic butterfly with an uncommon AB=CD pattern doing reversal from the PRZ on the back of good volumes...
In short, a feast!
Take profit is...
![BTCUSD: [Binance Hacked??] Last bear ain't done yet??? com'on](https://s3.tradingview.com/a/asfddqdR_mid.png "[Binance Hacked??] Last bear ain't done yet??? com'on")
