BTCUSDT in Bearish Bat play

Hi guy, it took me so much time to arrive at this conclusion, I believe we have serious bearish bat in play. Looking closely on these almost all its target has been achieved expect the last extended target of 161.8% of the AD which should lead us to the last leg before we see major reversal around 6k8-7k1 zone.

Right now price seems to stocked at our immediate support zone with many wicks spiked through it down and overall giving a typical shape of Ascending broadening wedge formation which will likely push price upward a bit before we go for massive drop to achieve the final leg of the Bat pattern.

Moreover, my immediate plan is to long this support and have tight stop loss below the recent low. When the low break my long will be flip to short.

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Thank you

Note:
It will be good to always understand risk involve in trading. Always trade with stop Loss in place.

Set up an entry/exit strategy for every trade, with good risk/reward ratio.

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8000$ level has become huge problem for the Bull. Finger cross to see if this level will be break.

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Price break out from falling wedge pattern

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This is going great guys,

Do not be a fool and expect this whole candle to get flushed out for dump. We are just starting at least 8800-9100 is the target. Do not sell it so cheap.

Possible buy back zone: 8000-8115

You can as well join us on our trading channel to ask your question concerning of our updates.

Comment:

After the break of falling wedge as expected the rally kicks in.

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Strong morning star setup.

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We may have some correction loading up, my expected target is the range of 8055-8125$

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Correction done.

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Trade closed: target reached:

Bearish pattern target achieved and BTC fly up. Guys do wait for my next BTC update.