This is not financial advice. It's transparency in my learning of technical analysis.
Furthering my journey into Harmonic Patterns, I see two potential patterns playing out. Whether they are well formed remains to be seen. One is green from 2021. The other is pinkish and is from the leg up that started in Jan '24. The dotted line is a longterm support trendline from 2017. I don't believe in coincidences.
Despite the impending retracement if this is true, this pattern is bullish as a futhamucka.
I repeat, a retrace to 40k is bullish.
There is a viable scenario we see retrace to 21k. That is a trade you can't miss.
It is not a matter of if but when BTC hits 125k.
Furthering my journey into Harmonic Patterns, I see two potential patterns playing out. Whether they are well formed remains to be seen. One is green from 2021. The other is pinkish and is from the leg up that started in Jan '24. The dotted line is a longterm support trendline from 2017. I don't believe in coincidences.
Despite the impending retracement if this is true, this pattern is bullish as a futhamucka.
I repeat, a retrace to 40k is bullish.
There is a viable scenario we see retrace to 21k. That is a trade you can't miss.
It is not a matter of if but when BTC hits 125k.