BTCUSD - Outlook Mid Day Update 2021.06.06

7 ביוני 2021Guys, once again Bitcoin has given everybody the slip. The upwards momentum last evening at the open was not sustained and price proceeded to make a double flat pattern which I have labeled yet again (w)(x)(y). Current price action appears to be making another form of 3 wave pattern to the down side and possibly creating one of the two possible harmonic patterns on the 30 Minute Chart. Either a Bat Pattern ending at 35371.65 or continuing down to 34263.75 to make a Bullish Crab. This is letting us know that the much larger corrective structure is not yet finished.
Taking a Sideline Market Position right now may not be a bad idea.


Good luck and Safe Trading!

7 ביוני 2021

הערה

34263.75 Should be labeled Bullish Deep Crab.