Bears winning [$BTC Analysis - 7/10]
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Seems bears have been successful in holding the last stand point for the bears, however our orange harmonic was invalidated, our blue one is still valid, the 0.886 wasn't matching until I moved XA from the preceding local top to the current one; the PRZ has been listed for that harmonic; and there is also a smaller harmonic aswell which has a point of support at this zone and one in the Aqua harmonics PRZ. I have not listed the first one since the confluence gives higher probability to the PRZ. We have also broken our previous HL so there is a bearish expectation at this point; however we can expect some sort of bounce within the 61.8% and the 78.6%. for the Aqua Harmonic PRZ.
I will no longer be labelling my analysis' as a daily analysis because sometimes there are formations that last longer than a day, and with the daily analysis it just ends up being repetitive say if there is not much movement. So will be calling my analysis' just that, analysis'. With that being said I will try to get a chart done for the times of volatility when price action is being wild. just don't want there being any confusion. Thanks!
I will no longer be labelling my analysis' as a daily analysis because sometimes there are formations that last longer than a day, and with the daily analysis it just ends up being repetitive say if there is not much movement. So will be calling my analysis' just that, analysis'. With that being said I will try to get a chart done for the times of volatility when price action is being wild. just don't want there being any confusion. Thanks!
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