A bear harmonic butterfly pattern is setting up on bitcoin. The potential reversal zone of 11350-11436 is calculated as a confluence of 1.272XA extension + abcd move + 2BC inversion. Wait for a Terminal Price bar to install. If the PRZ is broken then look for further upside continuation. Good luck.
After 7800 bullish hidden div spotted perfectly on 1,2d chart 2 weeks ago now its time for classic bearish div on daily confirming rally pause at 12/12500 area in a matter of few days
but at same time this is going to be a healthy correction not a crash like everyone calling and the bullish trend will resume in only one condition which is not breaking 10600/11000 area must stand for reversal by all means. I hope this helps.
tommyf1001
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Very nice find! Here are targets and stop loss for those unfamiliar with harmonic patterns:
I don't know why but I can't shake this funny feeling that in a few years from now there will be only be one Wikipedia article left -- "Bitcoin: the biggest digital hoax of the world", right next to the "Tulip mania".
cryptohopper
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Bitcoin completely ignored the key resistance at $11,500. Things to take into account for future price movements:
weslad
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Hey guys flash back to my analysis I called 12k level first, here we are almost there.
TradingSafely
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Check it out!
Sherem
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the big boy's are all up just shy of 4x from 3k. It's just a matter of time before we go down from here and they book profit:
weslad
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Bitcoin is preparing for a good retracement not a dump, check out my view to understand this better.