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Bitcoin
Short
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Bearish Bat on 4H chart of BTC

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We have a bearish bat pattern and this is a worrying factor, Invalidation of this pattern will be $47,348. If you look at geopolitical issues, They seem to be escalating rather de-escalating so this can certainly effect the global financial markets. We do have news that in Russia people are buying BTC by paying premium of over $20k which is a bullish factor whereas recent remarks of FED chair Powell regarding crypto were not good plus he's inclined to impose 0.25% interest rate hike in March so these factors can have a negative impact on crypto. We are bullish on BTC at invalidation point of bat
Trade active
snapshot

TP1 hit.
Trade active
snapshot

TP2 hit.
Trade closed: target reached
snapshot

TP3 Hit. Pattern played out perfectly.
NasirCrypto
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BatBTCbtcanalysisbtcforecastBTCUSDbtcusdanalysisbtcusdforecastbtcusdideabtcusdshortBTCUSDTHarmonic PatternsTrend Analysis

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BatBTCbtcanalysisbtcforecastBTCUSDbtcusdanalysisbtcusdforecastbtcusdideabtcusdshortBTCUSDTHarmonic PatternsTrend Analysis
NasirCrypto
if you want to get daily future/spot calls, Join our Premium discord by clicking on the following link

discord.gg/v7xWC7XDpN
Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.