Last time I talked about 7200 level of Bitcoin in Harmonic Pattern.
I didn't believe this at the first time, but it became true.
In this time, I analyze Bitcoin in more long term view.
In Harmonic Pattern, Bitcoin is now in another Bat Pattern.
However, this scenario could become true, Bitcoin need to be supported at 7000 level.
By using other Harmonic Pattern, Bitcoin should not be supported at this level, but for many ants, I think it is good for Bitcoin to be supported.
Whales! It is enough to make Bitcoin ugly.
In this time, I analyze Bitcoin in more long term view.
In Harmonic Pattern, Bitcoin is now in another Bat Pattern.
However, this scenario could become true, Bitcoin need to be supported at 7000 level.
By using other Harmonic Pattern, Bitcoin should not be supported at this level, but for many ants, I think it is good for Bitcoin to be supported.
Whales! It is enough to make Bitcoin ugly.
There is still possibility to go down.
Below 60 MA (Purple line), more powerful movement can change the down trend.
I will talk about MA and Stochastic later.