BTC Bearish Bat Harmonic

9 jul 2021

We bounced nicely off the 1.618. Now found support at .886 and breaking .786. If we get above .618 I believe the bat plays out.

9 jul 2021

Nota

Forgot to mention 200 ema resistance now turned support and bullish divergence on the MACD

9 jul 2021

Nota

Back above channel and trend line. Next trendline may coincide with pattern completion on harmonic.

9 jul 2021

Nota

That's probably too soon though.

9 jul 2021

Nota

If we don't make it by 10pm est we have the trendline to push through.

9 jul 2021

Nota

And if that happens were above a month long trendline and that may be too bullish for the bat to work.

9 jul 2021

Nota

On second thought it could easily happen later then 10pm and still work. The trend line has only two tests and it could wick back down. I do't give much weight to the 10pm time limit.

10 jul 2021

Nota

.786 was a good spot for someone to tp

11 jul 2021

Nota

Broke the trendline now hit just under .886. Another good tp area.

12 jul 2021

Operación cerrada: objetivo alcanzado

Pattern completed. With some bearish div on 1, 2, 3 and 4 hour MACD

12 jul 2021

Nota

1,2,4 rather. Not on the 3h

12 jul 2021

Nota

This indicator is showing bearish divergence on the 3h

12 jul 2021

Nota

Time for zzz

13 jul 2021

Nota

Possibly similar setup as before