A couple of large TF Harmonic Patterns to keep in mind.
Annotations Provided. Falling wedge going towards point D in a Bat Harmonic Pattern.
see annotations
Possible Bullish scenario for BTC Falling Wedge Bullish Reversal Descending Volume Profile Near major fib levels
pennant pattern volume profile validates pattern targets illustrated resistance zones/profit zones illustrated support illustrated Twitter: AzorAhai06
pennant pattern volume profile validates pattern targets illustrated resistance zones/profit zones illustrated support illustrated Twitter: AzorAhai06
bearish reversal pattern bearish tk cross resistances/profit zones indicated
Currently in bullish accumulation zone next target illustrated previous target will probably turn into support after breakout Volume will determine breakout
$eth / $btc trade setup and what you should be paying attention to.
Litecoin entries and target labeled
price will gravitate towards red box boxes serve as areas where price will react quickly Red box seems to have many levels of resistance.
I don't think we've seen the bottom yet However, If we form a higher low here, this will be an interesting pattern to watch out for.
orange boxes are possible reversal zones I think we breakdown at the end of the pattern to the horizontal support or fakeout upwards to the reversal zone and break downards Daily Log RSI and Wavetrend don't indicate oversold yet. More accumulation to come inside this order block Looking for volume and/or deviation from pitchfork as trend confirmation
orange boxes = possible reversal zones 4H 200 EMA been tested 3 times Breking 200 EMA would be very bearish price consolidation; RSI consolidation Waiting on volume confirmation for direction daily Stoch RSI indicates oversold for a long time. Should expect explosive move up
approaching end of pattern Waiting on price to retrace back to 50 EMA for long entry orange boxes are possible reversal zones green bars are support burgundy horizontals are order blocks