Bitcoin may be targeting 40k

Good day friends,

Its been a while we talk about Bitcoin, so today, we will be looking into a potential Harmonic pattern identified on BTC.

The pattern is AB=CD.

All the waves legs of A,B,C and D had formed completely. According to the setup rules, after the completion of all the wave legs, it is expected to have at least 38.2% to 61.8% fib retracement of wave Leg A-D.

If this pattern is right then BTC might be focusing its way towards 40k.

Thanks for reading through.

Trade active:

Trade active

Trade active

Trade closed manually:

Taking too long to develop. This could only mean, the BEAR are not done yet.

The long idea closed within entry. Do wait for my next Bitcoin post.

Thanks for staying with us.