BTC is making a bullish pattern on a daily chart. Everything is self-explanatory so if this plays out then we will reclaim $40k level in coming days, Invalidation of this pattern will be $34k level. We do have geopolitical issues going on which has a negative impact across all financial markets except USD, GOLD and OIL. Only short-term bullish factor I see for now is this pattern and CME gap at $40k.
Trade closed: target reached
Bullish bat played out successfully by hitting 2 TPS, Now the thing which is worrying me is we have a bearish gartley on 1H which will complete at
42K level, bearish shark on 2H which will complete at $43k level and bearish bat which will complete at $44k-$45k level. $45K is the level to beat for bulls for more upside otherwise all these bearish patterns can play out. We need a surge of volume to beat that otherwise we will see more downside. I will draw charts for all these bearish patterns, I have already drawn bearish shark on 2H . We have 4 bearish divergence on 2H (MACD, STOCH, VWMACD, MFI) so right now we are still not out of water until $45K is fully reclaimed with a candle body close
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