Disclaimer- This is how I see the market and how I trade. I do not give out any trading advice. You are the only responsible person for your trading.
After a false breakout of a SHS pattern the Triangle breakout came true (SHS not drawn). We also have a completed bullish Bat pattern, and are now at a support structure. Another Bearish Bat pattern in the making. RSI confirm the turning point with a divergence. This is 3 confirmation for a bullish strategy.
A personally note- I think we see the harmonic pattern are right on the spot on almost every crypto pair, because we don't really have anything else for historic data. So when we see it, we all agree on it, and that is self emphasizing, thus it's also marked psychology. But be careful, there is also many manipulations in the market.
After a false breakout of a SHS pattern the Triangle breakout came true (SHS not drawn). We also have a completed bullish Bat pattern, and are now at a support structure. Another Bearish Bat pattern in the making. RSI confirm the turning point with a divergence. This is 3 confirmation for a bullish strategy.
A personally note- I think we see the harmonic pattern are right on the spot on almost every crypto pair, because we don't really have anything else for historic data. So when we see it, we all agree on it, and that is self emphasizing, thus it's also marked psychology. But be careful, there is also many manipulations in the market.
Comment:
Early forecast- disregard the Crap pattern, as I believe that 2018-01-13 is a manipulated marked, only on Kraken.
