Shallowest Retracement for BTC to Complete Bullish Shark is $10k
Drawing a bullish shark pattern, starting at the Covid crash in 2020, the shallowest retracement to meet the requirement for the pattern is the .886 which lands us at $10,109.08. The deepest retracement (1.13) would land us at $3,143.90. The Shark is the only M-shaped harmonic that I am aware of where the second peak is higher than the first peak. I drew it using the XABCD tool. Not sure if that's weird but I believe I'm still able to draw the shark correctly. Not sure if there is a better tool to use for this?
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