Bullish Shark Potentially Targetting 38k-48k on the Weekly
We may see a spike down during the weekend but despite that we do have an oversold condition while BTC sits at the 1.13/1.618 Pattern Completion Zone of a Bullish Shark Visible on the Weekly and if it plays out we could see it rally up between a 0.382 at the least and a 0.55-0.618 Fibonacci Retracement if the pivot is strong.
If BTC wicks down during the weekend and triggers my stop but comes back up to the original entry zone then i will reenter though preferably BTC will just go up from here without any stop hunting.
If BTC wicks down during the weekend and triggers my stop but comes back up to the original entry zone then i will reenter though preferably BTC will just go up from here without any stop hunting.
Commentaire:
I felt the needto Update this Chart with a Harmonic Confluence i found shortly after uploading this shark trade. Hereyou can see that in addition to being at the PCZ of a Bullish Shark that we also may be at the PCZ of a Bigger Bullish Cypher solong as it can stay above the 0.786 and Not break down to Shark Territory between the 0.886 and 1.13:
