Bullish Bat Pattern on a Daily Chart
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
if you want to get daily future/spot calls, Join our Premium discord by clicking on the following link
discord.gg/v7xWC7XDpN
discord.gg/v7xWC7XDpN
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.
if you want to get daily future/spot calls, Join our Premium discord by clicking on the following link
discord.gg/v7xWC7XDpN
discord.gg/v7xWC7XDpN
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.