Possible Bullish Bat - BTC
Something to keep an eye on is the possible formation of a bullish bat harmonic. Initial targets would be point B or the 0.618 retrace of A-D, which would give $8300-$8500. If this is cleared I would next be eyeing the upper log trend line and the 1.272-1.618 fib extensions, PT around $9500.
This could also fit into our wave count as a micro 5-wave down as part of a zigzag correction. I will post an updated wave count when I get a chance, but I am out of town for business at the moment.
Also keep an eye on my macro Adam and Eve double bottom idea, linked below.
This could also fit into our wave count as a micro 5-wave down as part of a zigzag correction. I will post an updated wave count when I get a chance, but I am out of town for business at the moment.
Also keep an eye on my macro Adam and Eve double bottom idea, linked below.
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If $7500 holds, harmonic is in play.
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Lol
