With the recent rise, a bat pattern in bitcoin on the 15min has been forming. If it gets backs to the 30k level it looks to be a great pattern to look to trade. According to Scott Carney, harmonic trader, from harmonictrader.com, states the Bullish Bat pattern completes at the .886 XA retracement with in this case a complementary a 1.618ABCD extension in the PRZ....
Uptrend ABC Correction with Bullish Shark Retrace to .786 & Bullish Bat Type 1 Return Confirmation Higher Low. Full Fib Extension Target Top 39,000-39,600.
A type 1 close in the 4H on the major trendline, expecting a bullish move at the beginning of the week.
Double confirmation involving a type 1 close on the 161.8% and type 1 on the trendline.
Pattern is complete however i am awaiting certain technical conformation before going short. i shall update the entry details possibly once the ongoing 4hr candle closes. stay tuned. its a simple type 1 harmonic reaction where we target 38.2 fib as immediate TP. stay tuned