BTC is trading within a Harmonic Range today and while the Bearish Shark did perform well last night, ultimately price has come back up and created a Bearish Bat at the VAH while showing Bearish Divergence on Volatility. As the 89SMA approaches i'd want to see BTC come down towards and break the confirmation line to begin a move down to $16,500-$15,000 to complete the bearish wave down and start fresh on the new week.
Trade closed: target reached
closing now since we found support at the bottom
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.