Bitcoin (BTC) technical analysis -Part2
The second way that we can analyze the BTCUSDT is as follow:
If we look at the BTCUSDT chart, a harmonic pattern (Shark or Cypher, can't tell which one) seems to have formed. Also, the first signal for the harmonic pattern ending and uptrend wave starting (which is the right leg of the harmonic pattern break) has happened. If we accept this as a harmonic pattern, in an ideal situation, more than 60% of the time the price will go up. So keep an eye when the first horizontal resistance area breaks.
If we look at the BTCUSDT chart, a harmonic pattern (Shark or Cypher, can't tell which one) seems to have formed. Also, the first signal for the harmonic pattern ending and uptrend wave starting (which is the right leg of the harmonic pattern break) has happened. If we accept this as a harmonic pattern, in an ideal situation, more than 60% of the time the price will go up. So keep an eye when the first horizontal resistance area breaks.
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