Here is a repost of a chart I added as an update to my running BTCUSD chart. BTC has come into the completion zone of a bearish harmonic. I am very bullish on BTC but would not be surprised to see a pull back here. The green zones are the targets I use when trading bearish harmonics. The stop is placed just above the 1.13 fib extension. In this case given I am not shorting BTC the green zones would be used as potential add zones for my long positions. A break above the 1.13 would be extremely bullish. Check out some of my previous BTCUSD posts.
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Broke the ATH. I will watch 1.13 Fib (71K). Most breakouts fail at or below that level. Above there the bullish move could be massive.
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Here are my updated support zones for BTC as it pulls back. Entering the first zone now. I'm personally watching the second in the 52/50k area where price would meet the trendline.
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Recovering from the pull back ATH look probable. First breakout target would be 72K.
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Next stop 72K
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Never made it to 72k Price pushed to 69k then rolled over like everything else. Turned out to be a text book short off the harmonic originally posted as it would not have hit my 1.13 fib stop.. If I was shorting BTC futures (which I don't) this would have worked out beautifully hitting all 3 initial targets. Just showing the power of harmonics.
