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NasirCrypto
Apr 12, 2022 7:05 PM

BTC making alternate bat target $36,161 Short

Bitcoin / TetherUSBinance

Description

BTC is in process of developing alternate bat harmonic. Since we are in bearish trend so we use bullish harmonics for downward price projection. This harmonic will complete at $36,161. This harmonic will most likely complete because if we look at 4H chart, We see a death cross happening in a day which will lead to more downside. Oscillators on 12H are way over-sold but that don't matter when market is entirely bearish. Maybe just MAYBE we will see a slight bounce to $40800 or even a fake out towards 42K and then it will be just downward momentum. Although upside seems highly unlikely but I am giving benefit of the doubt to over-sold oscillators.
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