Potential idea for a large symmetrical triangle reaccumulation formation on Bitcoin/USD.
Bearish Shark formation hit the 88.6 PCZ for the D extension, given the gap created for CME at todays close, I see a very strong possibility that price moves down to at least the $18,000 area. (Maroon Harmonic)
To extend that target further, to the upsloping aspect of the potential triange, a massive potential bullish gartley may be in the works. (Yellow Harmonic). The pattern completion zone (PCZ) for the gartley would be in the $17,000 region.
If this does play out as stated down to 17k, Bitcoin could show even more hidden bullish divergence on the 12hour and daily momentum oscillators.
Just an idea, wanted to post it for those interested... also has been a while since I posted any idea so thought what the heck, throw something out to the universe again.
Bearish Shark formation hit the 88.6 PCZ for the D extension, given the gap created for CME at todays close, I see a very strong possibility that price moves down to at least the $18,000 area. (Maroon Harmonic)
To extend that target further, to the upsloping aspect of the potential triange, a massive potential bullish gartley may be in the works. (Yellow Harmonic). The pattern completion zone (PCZ) for the gartley would be in the $17,000 region.
If this does play out as stated down to 17k, Bitcoin could show even more hidden bullish divergence on the 12hour and daily momentum oscillators.
Just an idea, wanted to post it for those interested... also has been a while since I posted any idea so thought what the heck, throw something out to the universe again.