Bullish Shark Potentially Targetting 38k-48k on the Weekly

We may see a spike down during the weekend but despite that we do have an oversold condition while BTC sits at the 1.13/1.618 Pattern Completion Zone of a Bullish Shark Visible on the Weekly and if it plays out we could see it rally up between a 0.382 at the least and a 0.55-0.618 Fibonacci Retracement if the pivot is strong.

If BTC wicks down during the weekend and triggers my stop but comes back up to the original entry zone then i will reenter though preferably BTC will just go up from here without any stop hunting.

Komentar:

I felt the needto Update this Chart with a Harmonic Confluence i found shortly after uploading this shark trade. Hereyou can see that in addition to being at the PCZ of a Bullish Shark that we also may be at the PCZ of a Bigger Bullish Cypher solong as it can stay above the 0.786 and Not break down to Shark Territory between the 0.886 and 1.13: