If the green pattern (bullish dragon) in 4H TF is validated, BTC might see some bullish momentum, possibly a new-year relief rally.
Bullish dragon typically forms a bearish Harmonic pattern, such as a Gatrley at around 0.786 retracements.
However, if that possible upside is the remainder of an unfinished result of the adjacent bullish anti-Butterfly (blue), it could turn around everywhere of Fibonacci-meaning.
So watch the red and gray boxes and channels.
Note
update.Note
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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.