Chart Posted 8-22-2021 approx 4:38pm . Nothing fancy here. Just noticed ABCD Pattern targetes. BTC has also been barcoding to reveal a bullish shark pattern which has been creeping up as of this last hour. If it plays out on the bullish run- and engulfing hourly cnadles then we could see this ABCD play out. Please not the bearish break point. BTC could attempt to make a play for this area, but it doesnt mean BTC is bearish- just is a tentative stop point.. BTC has been really throwing fakeouts in this ranging action (even confused me several times) ..but we are climbing- very slowly and very creepishly upward- but still upward. No definitive macro move downside. Until I see that I am going to call long. It would be ideal for a strong breakout upside not allowing late comers to the party before repeating the same consolidating action at the taek profit target point on this chart. I like this better because I get 2 confirming patterns- the harmonic and the ABCD in agreement. SOme of my previous calls were just 1 harmonic and those can be tricky in range calls because no harmonic has to play out upside nor downside. They just do what they do. So it may be better to be in early here- rather than late- set a stop and proceed to accumulate on position. CHEERS!
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Bearish Break Point continues to hold...
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BTC appears to have already completed the 1st pattern- and now we are into the Major pattern to take us upwards. The 1st pattern takes us to this target.. There is a higher target behyond this one that I think may manifest. Ill update this soon.
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Updae to this posted. Last Call.
Moorsc0de aka Crypt0nomics aka Zaphkiel
