I been holding this chart for awhile. Those who follow me understand I use Harmonics and other tools for my trading guide. right now it seems the Grand BTC Carb Harmonic has completed - (and if so then) we will see a pretty big pullback from here before any rebound comes back. I have taken liberty to liquidate all BTC for significant profits (hand claps :)) . I would like to return back after the pullback if we see more bullish action in the charts. Buy BITCOIN has been my mantra for years.. I am now saying SELL IT. Get your profits and reinvest.
We shall see what happens. If Bullish momentum continues possible bounces can possibly be seen at 618 or 50 Fib at worst. Worst case scenario is BTC goes back to "A" point of the harmonic leg... but not hopeful of this. There would have to be some significant authoritative move to warrant that kind of decline. This harmonic is called the Bearish Crab and so deep pullbacks can be seen and fast. SOmetimes we see Bullish Crab form on the heel of this completion and if so- expect deep and strong pullbacks to scare participants out of the market- only to have super bullish gains to come. Typically a bounce on the previous harmonics is sing of this.. but a good clear bullish sign is a bounce on the-786- or 886!
**Today was a good day**
Get those profits!
We shall see what happens. If Bullish momentum continues possible bounces can possibly be seen at 618 or 50 Fib at worst. Worst case scenario is BTC goes back to "A" point of the harmonic leg... but not hopeful of this. There would have to be some significant authoritative move to warrant that kind of decline. This harmonic is called the Bearish Crab and so deep pullbacks can be seen and fast. SOmetimes we see Bullish Crab form on the heel of this completion and if so- expect deep and strong pullbacks to scare participants out of the market- only to have super bullish gains to come. Typically a bounce on the previous harmonics is sing of this.. but a good clear bullish sign is a bounce on the-786- or 886!
**Today was a good day**
Get those profits!
Trade active:
Please note this was published Dec 27th- the chart existed in much complex form for much of 2020. I have much of the technical info hidden.
Also .. I am now seeing many people copy this work- using incorrect Harmonic retracements. This figures are as close to accurate as you will find. Any othe rnumbers may be greatly skewed... * I love the flattery* :)
BTCUSD should correct 1st week of Jan 2021.
Also .. I am now seeing many people copy this work- using incorrect Harmonic retracements. This figures are as close to accurate as you will find. Any othe rnumbers may be greatly skewed... * I love the flattery* :)
BTCUSD should correct 1st week of Jan 2021.
Trade active:
Secondary embedded harmonic is trailing the grand harmonic, but it is bearish in nature. Bearish crab or butterfly. Its early to call, but this often happens when the target is exceeded in this way... so HOLD on tight Monday!
Moorsc0de aka Crypt0nomics aka Zaphkiel
