jlugog

BTC is forming this Bullish Butterfly pattern

Short
jlugog Updated   
BITFINEX:BTCUSD   Bitcoin
This endless bullish behavior on BTC, is overriden all kind of Harmonics. However as harmonics traders says "if a pattern isn't fulfilled, the trend continues or is about to change". According to this, BTC is showing some correction to 36k, just to recover again to 50k levels. This won't be accomplished in a few days but maybe few weeks. I am analyzing this on 1D TF.

Remember we must enter the liquidity zone, below 35k and then we must pullback to the levels we have now.

Trade safe folks, check your Market Cap and don't forget Alts, some of them mimic BTC, others, go exactly the opposite.
Trade active:
Pattern update, the price could be forming a new pattern, a Shark pattern and it could be lowering the correction to another levels
Trade active:

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.