BTC/USDT DAILY
Based on the chart, we can see several patterns that are leading the price to the 53k-55k area.
Firstly there is an ab=cd pattern that I did not indicate on the chart but the prz is on 55k
then, the second harmonic pattern is a bearish shark pattern which still needs time to be completed but I guess the price is on its way to complete it.
and the last important pattern is the bearish crab pattern that has almost the same prz as the shark pattern.
also, there is a less probable scenario in which the crab pattern turns into the bat pattern and the price experiences a slight downfall all the way down to 38k
Firstly there is an ab=cd pattern that I did not indicate on the chart but the prz is on 55k
then, the second harmonic pattern is a bearish shark pattern which still needs time to be completed but I guess the price is on its way to complete it.
and the last important pattern is the bearish crab pattern that has almost the same prz as the shark pattern.
also, there is a less probable scenario in which the crab pattern turns into the bat pattern and the price experiences a slight downfall all the way down to 38k
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