BTC Harmonic - Potential Multiple-Degree Bearish Reversal
As displayed in the top-most chart, BTC managed to break the bearish harmonic pattern that had apparently formed, which led to the failure and subsequent move higher. Typically, a failure such as this one leads to prolonged trend continuation in either direction.
HOWEVER,
Why, then, did the continuation randomly stop?
It could be nothing, but it also could be the apparent larger-degree similar harmonic that is now right at its 50% reversal zone.
If price strongly reverses here, it suggests an overall trend change from bull to bear.
Let's see..
-MultipleBitPigs
BITBAY:BTCUSDT
BITBAY:BTCUSD
TOTAL
HOWEVER,
Why, then, did the continuation randomly stop?
It could be nothing, but it also could be the apparent larger-degree similar harmonic that is now right at its 50% reversal zone.
If price strongly reverses here, it suggests an overall trend change from bull to bear.
Let's see..
-MultipleBitPigs
BITBAY:BTCUSDT
BITBAY:BTCUSD
TOTAL
액티브 트레이드:
Would not "buy this dip."
