We appear to be in the process of forming a bearish harmonic Shark pattern on BitCoin ( BTCUSD )
Some weight should be given to this assumption, as point B has been broken !
Ideal Shark D termination points are .886 and 1.13 percent extensions of the XA leg.
This suggests targets in the 20,800 and 19,900 area(s) probably later this month.
In my experience, predicting harmonic patterns is less reliable than after a proper pattern has formed.
DYODD and watch NASDAQ softness for additional confirmation.
I will update as required,
S.
Some weight should be given to this assumption, as point B has been broken !
Ideal Shark D termination points are .886 and 1.13 percent extensions of the XA leg.
This suggests targets in the 20,800 and 19,900 area(s) probably later this month.
In my experience, predicting harmonic patterns is less reliable than after a proper pattern has formed.
DYODD and watch NASDAQ softness for additional confirmation.
I will update as required,
S.
Nota
An update...Nota
A further update...
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.