BTC making Bearish Shark on hourly!!!
BTC / USDT (Interval 1H)
We have a bearish shark pattern on hourly chart, Everything is self-explanatory, Invalidation of this harmonic will be $43,392. We are still biased bearish till 45k is not fully reclaimed on weekly chart. BTC will continue to range between 37k to 44k till we have a breakdown or breakout on either side. Right now on higher time frame we are getting buy signals but on lower time frame we are getting mixed signals. Again 45k level needs to break out or else we will continue to range for some time.
We have a bearish shark pattern on hourly chart, Everything is self-explanatory, Invalidation of this harmonic will be $43,392. We are still biased bearish till 45k is not fully reclaimed on weekly chart. BTC will continue to range between 37k to 44k till we have a breakdown or breakout on either side. Right now on higher time frame we are getting buy signals but on lower time frame we are getting mixed signals. Again 45k level needs to break out or else we will continue to range for some time.
Trade closed: target reached
BTC successfully followed bearish shark, ALL TPs hit in less than a day. Wait for further analysis tonight.
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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.