itshotseason

BTCUSD, coinciding insights and ideas

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
You can see i have two patterns in development, the little one is bullish and the big one is bearish , weirdly enough these two coincide a lot, because if the bullish gartley plays out we'd have a buy opportunity at 9.6K, then the price would normally go as far to 1.618 fib node which happens to be the pcz of the big bearish shark , but as you may know the shark can go up to 1.13 in X-D leg so i highlighted the area in green. Also the bearish scenario is perfect to back test the huge pattern (whatever you wanna call it) we're in right now and so that would be what we call confirmation for the true bullish rally.
And of course we can rally straight to complete the bearish pattern , but i figured since we failed so much to break the big pattern it would need power and volatility which always happen in harmonics.
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