deSultanTM

BTC just woke up but still bit lazy (be careful)

BITSTAMP:BTCUSD   Bitcoin
Explanation:
  • BTC had completed 2 Bearish harmonic patterns BAT and GARTLEY perfectly
    Since last 2 days, BTC has been trying to breakout trend-line which were build by previous TOPs (Higher Highs)
  • IF BTC can break the trendline on level 11800, confidence level is 12200, then next 5 days btc will start rallies to 14K
  • IF BTC will be rejected then it will perform BUTTERFLY harmonic patter, because it match with ABCD and bottom linear regression , where the bottom can be 10400 or 9900
  • But the trend can be changed any time to extreme bearish , where the bottom target can be 8400-7800, if copy previous bearish pattern
  • Tomorrow can be final decision for BTC , IF you are LONG or SHORT, you should use wise stop lost or leverage margin. Cheers.
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