Bitcoin / TetherUSLargo
$BTC #Bitcoin Deep Crab
This is the deep crab / Bullish shark pattern i referenced in my previous chart.
Youve got the completed shark with a type 2, which in itself would be the type 2 of the Deep crab.
Youve also broken the supply the line coming off our last high, and backtested it so far, as support.
You could look at the shark, as the feet of a Bullish dragon, and breaking that supply line would be comparable as breaking the "spine" of the dragon, and breaking above the shark, would be breaking the "Hump" and would give you a target of about 28k (confluence with the previous chart)
Alternately if you used our january low as the head of the dragon, rather than the lower consolidation, this would target the upper 886 level at around 40k.
Its my personal opinion, if we break anywhere above 26-28k, its going to open the flood gates much higher, but im not trying to speculate too much here, just pointing out some patterns and confluences with one another.
All of these patterns seemingly align with one another, and thats really what you want to see in multiple time frames.
Id lose confidence in all of them with a breach of lows, and a close on a significant time scale, and of course this is a tough time to be bullish given current market conditions, but none the less, the patterns are there.
Ive attached all related charts here to further the argument, and some with much higher targets, should we get some bullish confirmation, they may be worth referencing.
Youve got the completed shark with a type 2, which in itself would be the type 2 of the Deep crab.
Youve also broken the supply the line coming off our last high, and backtested it so far, as support.
You could look at the shark, as the feet of a Bullish dragon, and breaking that supply line would be comparable as breaking the "spine" of the dragon, and breaking above the shark, would be breaking the "Hump" and would give you a target of about 28k (confluence with the previous chart)
Alternately if you used our january low as the head of the dragon, rather than the lower consolidation, this would target the upper 886 level at around 40k.
Its my personal opinion, if we break anywhere above 26-28k, its going to open the flood gates much higher, but im not trying to speculate too much here, just pointing out some patterns and confluences with one another.
All of these patterns seemingly align with one another, and thats really what you want to see in multiple time frames.
Id lose confidence in all of them with a breach of lows, and a close on a significant time scale, and of course this is a tough time to be bullish given current market conditions, but none the less, the patterns are there.
Ive attached all related charts here to further the argument, and some with much higher targets, should we get some bullish confirmation, they may be worth referencing.
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