BTCUSD - possible short setup

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Looks like BTCUSD may draw potential WXY corrective structure with Y wave as a triangle ?

Scenario 1 : Price breaks below short term trendline , we look for short on a retest of broken trendline .

Scenario 2 : Price fills up harmonic bat pattern with corrective structure around 12750, we look for short there.

Target profits marked on chart.

Trade responsibly.
Comment: We are at the "D" point now:
Hi @Fx-Nature , This TA is perfect ! Thanks !
I think scenario 2 most likely. Lot of support at $10,200 area, the 200dma is moving upward. All the smaller MAs are moving downward. They are converging into each other, so that BTC can consolidate in a narrow range which is much needed .
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out