This is a BTC daily chart showing a Shark harmonic pattern forming.
Price moved in a large 5-point structure labeled X → A → B → C → D.
We are now approaching point D, which is the potential reversal zone. That zone is defined between the 0,886 and 1,13 Fib ratios.
The highlighted grey box (around $43k–$52k) is marked as a “good entry point area”.
This is where the pattern suggests BTC could find support and potentially reverse upward.
On the right side, the blue/grey volume profile shows strong historical trading activity in this zone — which adds confluence. My targets would be at aprox. 51800 and 43400.
TL;DR:
BTC is correcting into a strong support + harmonic completion zone, where a bounce could happen.
Price moved in a large 5-point structure labeled X → A → B → C → D.
We are now approaching point D, which is the potential reversal zone. That zone is defined between the 0,886 and 1,13 Fib ratios.
The highlighted grey box (around $43k–$52k) is marked as a “good entry point area”.
This is where the pattern suggests BTC could find support and potentially reverse upward.
On the right side, the blue/grey volume profile shows strong historical trading activity in this zone — which adds confluence. My targets would be at aprox. 51800 and 43400.
TL;DR:
BTC is correcting into a strong support + harmonic completion zone, where a bounce could happen.
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Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.