Bitcoin / Tether USD
Short
Updated

crab harmonic pattern with negative divergence

1 727
BTC have a strong support at $34000 and $32000 but it's possible loss these supports. I can't see lower than $31310.

crab harmonic pattern:
AB=0.61 XA
BC=0.88 AB
tp1=1.6 BC=$34121
tp2=1.6 XA=$31310
tp3=2.6 BC=$30745
tp4=3.6 BC=$27723
Note
crab pattern failed. now BTC have cypher and shark targets:
1.13 AB=$41258
1.41 AB=$42575 *more likely*
1.6 AB=$43581
Note
forget crab targets but:
tp1=0.78 XA=$35550 and 55day moving average in the daily timeframe
tp2=$34400 or $34800 volume profile in the 4 hours timeframe
Note
in the middle of August the crypto market will explode
Note
the last leg for decision

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.