BitcoinDiupdate Bitcoin Bearish Butterfly?
Looking at the 1hr chart I am seeing a potential Bearish Butterfly harmonic.
My whiskers are telling me that Bitcoin will try to break through the $50,000 level and look for ATH's towards $60,000 by early March.
I think it would be healthy for us to retest the $42,000 level before doing that, and the D point of the potential harmonic seems to indicate this could happen.
Here is the chart pulled back a bit to show where I believe a reversal could take us.
If we get above the top red line of resistance at about $51,630 I'll be howling for the moon!
But for now I'll be waiting in the bushes to see if we get a reversal.
If we do I'll be running for the hills with my tails between my legs!
Owhooooo!
My whiskers are telling me that Bitcoin will try to break through the $50,000 level and look for ATH's towards $60,000 by early March.
I think it would be healthy for us to retest the $42,000 level before doing that, and the D point of the potential harmonic seems to indicate this could happen.
Here is the chart pulled back a bit to show where I believe a reversal could take us.
If we get above the top red line of resistance at about $51,630 I'll be howling for the moon!
But for now I'll be waiting in the bushes to see if we get a reversal.
If we do I'll be running for the hills with my tails between my legs!
Owhooooo!
Catatan
Hmmmm.Catatan
Catatan
Reversal or continuation?
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Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.