tommyf1001

Shark Harmonic (v.2) with Inverse Head and Shoulders formation

tommyf1001 Updated   
BINANCE:BTCUSDT   Bitcoin / TetherUS
Here is another possibility if we start to drop now. If we drop with some volume, we should expect the drop to form the right shoulder somewhere around where I have my predicted target (this can obviously change).
Once the bottom of the right shoulder is formed, this could provide a nice entry for those who missed out.
This is of course only if we see a significant drop from here, so far the drops have been very weak and short-lived as the bulls seem to be in control now.

Good luck with your trading!
Comment:
The drop started a bit later than I expected, but that's okay because that last little jump actually helped in forming a bearish divergence on the RSI. I'm not sure yet where this right shoulder is going to complete so I won't update the chart until it becomes more clear. For now, the shark pattern remains intact and if it becomes invalidated I will make sure to update this idea.
Order cancelled:
The pattern ever completed, so this idea is now closed. New update will be out soon
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