#LQTY/USDT 1H idea.
Bullish ABCD spotted. Thinking its gonna have its D-leg retrace around the 79% Fib level to complete its bullish harmonic.
Currently, price is trading within volatile area of the FRVP, but what is more interesting to me is that it is below the midline and is poking the POC already.
If I get to see a POC breakout from the downside, it would be fuel to enter the golden zone and eventually mitigating the nearest low OB.
MACD from the 30mins chart has already started doing a bearish crossover, and if somehow it does the same for the 1H chart, then I expect more downside to happen until I get the harmonic pattern formed.
Still a pinch of salt for this, it has a volatile market since yesterday, so do be careful and highlight the confirmations you need in order to spot a sniped entry.
#crypto2023 #crypto #cryptocurrency #Binance #BTC $LQTY
Bullish ABCD spotted. Thinking its gonna have its D-leg retrace around the 79% Fib level to complete its bullish harmonic.
Currently, price is trading within volatile area of the FRVP, but what is more interesting to me is that it is below the midline and is poking the POC already.
If I get to see a POC breakout from the downside, it would be fuel to enter the golden zone and eventually mitigating the nearest low OB.
MACD from the 30mins chart has already started doing a bearish crossover, and if somehow it does the same for the 1H chart, then I expect more downside to happen until I get the harmonic pattern formed.
Still a pinch of salt for this, it has a volatile market since yesterday, so do be careful and highlight the confirmations you need in order to spot a sniped entry.
#crypto2023 #crypto #cryptocurrency #Binance #BTC $LQTY
