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tantamount
Jan 21, 2020 12:55 AM

Deep Bearish Crab/Ending Diagonal?  

Bitcoin / U.S. dollarBitstamp

Description

Charting what I see in the mid term TF. The harmonic is a Deep Bearish Crab, validated at 1.618, however the CD leg PRZ could reach higher to 2.618.

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Been tracking for few days...

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Looks like a retest of the 9131 area. Perhaps some consolidation here before next move (up or down). I'm out of my day trades until confirmation of next moves which should allow me to verify wave counts.

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Can we get 9.6 -9.7K? Looks possible...

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9.6K tagged on Coinbase. I exited there.
Now looking to see if we break down here or possibly get another scam wick to the up side and take out 9.7K. Starting to see some divergence so not confident we continue up without a retracement. This pattern could potentially break down to 7700, but if the market is still bullish leading up to halving, we will likely NOT go that far down.

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9.7K was tagged like I suspected. Now I'm out waiting to see next moves.

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Interesting juncture here. Hmmmmm.

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Speculation on this pattern. Possible this is an ascending triangle. With 10K expectations, bulls could push through.

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My thoughts IF the current structure is NOT the end of the 5th wave.

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Have we topped before pullback?

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"If the shoe fits", eh? Now we wait to see how this plays out.

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Linear vs Log chart. Did we break thru? Possibly, If we correct, I'd expect a retest of that triangle top, then fly.

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PRZ reached at 10.4K. Watching to see how far this goes down.

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Looking a this now.

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Epic dump to 5600 on most exchanges. WOW, deep crab went for the plunge.

Trade closed: target reached

EPIC DUMP forecast and achieved! Harmonic called this weeks in advance. 3K dip was sweet for anyone that caught it. Closing this one out as we slowly start to shift towards a bullish sentiment overall. Cheers!!
Comments
tantamount
Price reversal at 10.4K. NOW let's see how far this pattern plays out.
CryptoKittie
nice work
tantamount
@CryptoKittie, Thanks, bro!
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