As you can see it formed out the CUP AND HANDLE on the Daily Time Frame.
whereas we can see after breaking out the neckline it filled out the gap of the CME from 45570 to 48460 which is why we saw our initial rally.
After it, however, it formed out the Bearish Shark Harmonic pattern which interprets into a potential Bitcoin correction down to $52,500 or $50,500 before a stronger continuation.
--------------------------------------------
Best Regards, Reda Souhail™
whereas we can see after breaking out the neckline it filled out the gap of the CME from 45570 to 48460 which is why we saw our initial rally.
After it, however, it formed out the Bearish Shark Harmonic pattern which interprets into a potential Bitcoin correction down to $52,500 or $50,500 before a stronger continuation.
--------------------------------------------
Best Regards, Reda Souhail™
