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jackrabbitrage

BTC forming a bullish dragon?

Long
Bitcoin / TetherUS PERPETUAL CONTRACT (BINANCE:BTCUSDT.P)  
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BINANCE:BTCUSDT.P   Bitcoin / TetherUS PERPETUAL CONTRACT
Harmonic Patterns bullishdragon
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harmonicpatterns bullishdragon

If the green pattern (bullish dragon) in 4H TF is validated, BTC might see some bullish momentum, possibly a new-year relief rally.
Bullish dragon typically forms a bearish Harmonic pattern, such as a Gatrley at around 0.786 retracements.
However, if that possible upside is the remainder of an unfinished result of the adjacent bullish anti-Butterfly (blue), it could turn around everywhere of Fibonacci-meaning.
So watch the red and gray boxes and channels.
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Commentaire:
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