Here is my new game plan. I was considering different options here including this one below (bullish symetrical triangle):
but I will stick to the bat patern for now which seems more likely patern to me. Harmonics are very powerfull and also fitting the idea of inverted head and shoulders patern which is actually made of other harmonic formations as you can see below. Dropping volume on the right shoulder is textbook for the inv H&S
also bitcoin likes paterns inside paterns (bitception) and here we can see that bullish bat would fit nicely repeating the bigger patern here in smaller timeframe. Very similar fractal could form here
If You want to play safe, wait for a breakout from the red triangle. I believe the ~7600 area might be the bottom we are looking for. If not it should give at least a decent bounce from the bullish bat Good Luck
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Bouncing to possible wave 2 going good for now but as we are still remaining in the triangle I'm also considering my primal idea. Wondering if 4h cloud will provide enough support to do this. Observe the price action and be prepared for such posibility
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Ok. Looks like triangle finally resolves and it resolves downwards. Seems doing wave 3 now.
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Here is updated count I got:
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and here for the main waves
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Patern seems complete to me. Should be going up from here
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Ending diagonal
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Fractal tells the same story
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This went lower than expected. At least fractal was on point with the low level. High probability it will bounce here to 7800-8000. Not sure what's next just yet. Have to analyse it more and see more price action and its strength
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4hr divergence + diamond bottom forming? Possible bounce to $7500
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Bounce weak for now. We might be in a bearish pennant still..
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And here it goes. Drop to around ~$6000 I believe
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Drops are over. April is bull teritory
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We have just also completed bullish crab as another confirmation of coming bull moves
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After todays sharp drop, I am still bullish
- Still no lower lows - Weekly and daily Stoch are pointing up - Plus it might be forming diamond bottom patern.
It's not confirmed yet but it's worth watching as it behaves as such
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What I see is double bottom. Need to push through 6650 and hold for confirmation.
And I love the copied pattern from the previous large bat below the new bat