Pattern: Bullish Harmonic Reversal – BAT Pattern
Bitcoin has completed a harmonic Bullish Bat Pattern, suggesting a potential upside reversal from the D point.
Current price: $107,186
The harmonic structure follows ideal ratios:
AB retraces 30.2% of XA
BC extends 118.1% of AB
CD completes near 88.6% of XA – confirming the Bat pattern
Trade Plan:
Many traders have already entered positions.
However, if price retraces to the $104k level, a re-entry opportunity exists with a stop loss around $100k—just below the D-point and strong support zone.
Targeting the yellow upward path, the structure supports a continuation toward new highs, possibly surpassing $115k–$120k, depending on momentum.
RSI (14):
RSI is currently 67.99, approaching overbought but still supportive of bullish continuation.
A recent bullish RSI divergence strengthens the reversal scenario.
Conclusion:
This harmonic Bat pattern suggests a strong bullish structure is forming. As long as price holds above the $100k zone, buyers may continue to dominate, with high probability setups forming for trend continuation.
Bitcoin has completed a harmonic Bullish Bat Pattern, suggesting a potential upside reversal from the D point.
Current price: $107,186
The harmonic structure follows ideal ratios:
AB retraces 30.2% of XA
BC extends 118.1% of AB
CD completes near 88.6% of XA – confirming the Bat pattern
Trade Plan:
Many traders have already entered positions.
However, if price retraces to the $104k level, a re-entry opportunity exists with a stop loss around $100k—just below the D-point and strong support zone.
Targeting the yellow upward path, the structure supports a continuation toward new highs, possibly surpassing $115k–$120k, depending on momentum.
RSI (14):
RSI is currently 67.99, approaching overbought but still supportive of bullish continuation.
A recent bullish RSI divergence strengthens the reversal scenario.
Conclusion:
This harmonic Bat pattern suggests a strong bullish structure is forming. As long as price holds above the $100k zone, buyers may continue to dominate, with high probability setups forming for trend continuation.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.