Akamer-the-Werewolf

Bitcoin Bat or Crab Harmonic?!

BITSTAMP:BTCUSD   Bitcoin
Looking at this daily chart I see a potential bullish Bat Harmonic developing.

If it plays out we could find our way down to around $33,000-$35,000.

Another possibility would be a bullish Crab Harmonic, which would take us even lower.

Of course, this could be another bullish pennant forming on the daily, so I'll be waiting in the bushes to see which way
Bitcoin goes. A break up out of the structure could give us a measured move target between $70,000 and $80,000.

Owhooooo!

Related Ideas

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.