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Investmal Crucial Financial
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Bullish
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$NKN
entry : 0.122-0.116
target: 0.1488
SL: 0.11
#2024withBinance
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Investmal Crucial Financial
@Dr_manm
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$BTC : There's a visible harmonic pattern that looks like a potential Butterfly pattern. Resistance Levels: The immediate resistance is around the current price level of $94,000. Stronger resistance is likely around the neckline of the potential double bottom ($106,000 - $107,000). The high of the recent swing around $110,000 also acts as a significant resistance level. Support Levels: Immediate support is likely around the recent low of $87,998.9. Stronger support is around the $80,000 level, which forms the lows of the potential double bottom. There might be intermediate support around the $91,784 level. Potential Scenarios: Bullish Scenario: If the price breaks and holds above the neckline of the potential double bottom ($106,000 - $107,000) with strong volume, it could signal a significant bullish move. The target for this move could be estimated by the height of the double bottom added to the neckline. Bearish Scenario: If the price fails to break above the neckline and instead breaks below the support around $87,998.9, it could invalidate the double bottom and lead to further downside. A break below the $80,000 level would be particularly bearish. Harmonic Pattern Implications: If the price has indeed completed the Butterfly pattern around the $102,400 level, we might see some consolidation or even a potential reversal from that point. However, the pattern needs confirmation with price #MarketPullback
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