- Here is my new game plan. I was considering different options here including this one below (bullish symetrical triangle):
- but I will stick to the bat patern for now which seems more likely patern to me. Harmonics are very powerfull
and also fitting the idea of inverted head and shoulders patern which is actually made of other harmonic formations as you can see below. Dropping volume on the right shoulder is textbook for the inv H&S
s3.amazonaws.com/tradingview/snapshots/d/dU2tjXra.png - also bitcoin likes paterns inside paterns (bitception) and here we can see that bullish bat would fit nicely repeating the bigger patern here in smaller timeframe. Very similar fractal could form here
If You want to play safe, wait for a breakout from the red triangle. I believe the ~7600 area might be the bottom we are looking for. If not it should give at least a decent bounce from the bullish bat
Good Luck
Note
Ok. Looks like triangle finally resolves and it resolves downwards. Seems doing wave 3 now.Note
Patern seems complete to me. Should be going up from hereNote
Drops are over. April is bull teritoryDisclaimer
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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.