Coinlion_TT

BTC - Bearish Crab Harmonic Pattern ?

Short
BITFINEX:BTCUSD   Bitcoin
#BTC/USD TA Update:-

$BTC currently trading at $47600

BTC is currently bullish but till when ?

Our target is around 51-52K

We can see a Bearish Crab Harmonic Patter.

The Point D should satisfy the requirement CD = 2.24 - 3.618 of AB leg.

It means that around 51 (2.24), above the 0.786 Fib, we should be prepared to a correction. Maybe after a fake breakout of the support trendline.

What do you think ?

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