BTCUSDT
asic harmonic pattern playing out.
XABCD/Gartley pattern. The most important quality is the movement of CD, which is almost exactly 78.6 retracement of XA. Note also D is higher than X. I also expect BTC to retrace back up to 42k which is the 50% retracement from CD. Current price action is also indicative of this. Bears were not able to keep price down due to bullish news and a bullish atmosphere. I believe that even though rates are high, and even though Blackrock's ETF news is bullish news, BTC is being perceived as a flight to safety. A hedge against inflation.
Prices to watch:
42500
70000
Like always, Happy Trading!!!