Before anything, I should tell that I will not take a position before trends break. As shown in the chart, we have two-channel, first the long channel that Gold is on the bottom of it and it's an up-trend; and second is the swing channel that is down-trend. So I recommended to don't take a position if you are swing or long trader, OR if you are a risky man,...
It's all clear on the chart, Harmonic pattern validate by with Fibonacci projection and ABCD pattern, Target on your own can be TP1 or TP2, Stop loss again on your risk can be at 1.27 app ABC @ 0.87761 1.414 app ABC @ 0.87157 1.618 app ABC @ 0.86288 Well as always let see what happen!
As pictured above on weekly chart: ***if considering 12345 as a pattern, see that : 1) point (3) has correct 0.88 of (12) wave. 2) point (4) has correct 0.5 of (23) wave. so if search in harmonic patterns we found that it can be deep crab so: the point (5) could be at 1.618 Ext(12) that if draw Ext(34) and App(234) see that they are all convergence to each...
I think BTC have been performing a symmetrical triangle. this triangle consists of 120 candles, so 90 bar needed to break one of those trends. A break of the downtrend is very strong. if it happen, can go up to 12k and then pullback to about 10k and under it and then rise to about 16k. if it breaks the 9k support, can fall to 7500 or even 6000. what is clear is...