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BTCUSD - Outlook Mid Day Update 2021.06.06

Bitcoin (CAPITALCOM:BTCUSD)  
AsproTrader Updated   
CAPITALCOM:BTCUSD   Bitcoin
Trend Analysis Chart Patterns Wave Analysis bitcoinforecast Bullish Bat deepcrabpatterns elliottwaveprojection elliottwavecorrection correctionstructure
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trendanalysis chartpattern waveanalysis bitcoinforecast bullishbat deepcrabpatterns elliottwaveprojection elliottwavecorrection correctionstructure
Guys, once again Bitcoin has given everybody the slip. The upwards momentum last evening at the open was not sustained and price proceeded to make a double flat pattern which I have labeled yet again (w)(x)(y). Current price action appears to be making another form of 3 wave pattern to the down side and possibly creating one of the two possible harmonic patterns on the 30 Minute Chart. Either a Bat Pattern ending at 35371.65 or continuing down to 34263.75 to make a Bullish Crab. This is letting us know that the much larger corrective structure is not yet finished.
Taking a Sideline Market Position right now may not be a bad idea.


Good luck and Safe Trading!
Comment:
34263.75 Should be labeled Bullish Deep Crab.
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