Bitcoin price seeks to the highest new level ever in the consensual preparation of the emerging shark

Consensus patterns are advanced trading structures that depend on Fibonacci levels and engineering price compositions. Among these, The Shark Harmonic is a strong setting that often appears after a period of market unification.

Although it is classified as a declining style, sharks can provide opportunities for bullish expansion before the final station is displayed. In the case of Bitcoin, this precise scenario appears to be revealed.

Bitcoin (BTC) It is currently traded within a structure that resembles a roller shark consensus. This means that before the final leg is completed (leg D), the price can gather to the highest new level ever, which creates an opportunity for merchants to ride the wave. As prices are approaching the main meeting points and Fibonacci areas, this style has become fast to watch.

The main points covered in this article:

The consensual shark style is defined by four legs: X, A, B, C and D (or sometimes called XA, AB and CD). In the current Bitcoin setting, the price is likely to approach the finish of the C leg, which is often led near the Fibonacci stretch 0.886 or 1.13 of the XA leg. What is unique in this case is that the expected C leg does not correspond to not only with Fibonacci areas, but also with one printing areas and support for the car block, which gives the pattern an additional weight.

Although the shark is a declining pattern, the transition from the current level to leg C is usually upward. In fact, this structure indicates that Bitcoin can come out of its highest previous levels ever near the level of $ 110,000 before any meaningful reflection. For each of the merchants today and swinging, this represents a possible opportunity for high rewards. However, the price can remain in standardizing the low size for some time before going out or re -testing the support, so patience is necessary.

Conception is everything in consensual trading. In this case, the possible completion of the C leg is supported with a 0.618 replacement, the main car block support area, one printing area, and TRIFECTA with strong technical levels. The collapse above the dynamic trend line will confirm the bullish expansion in the target target C. Until this happens, traders can anticipate uniformity, ideal for the range or chick -related range.

How to trade this style:

The most strategic input comes after a decrease in oscillation, which constitutes the SFP failure. This provides a clear nullity level and a clean entry signal. From there, merchants can enter into long positions targeting the high area at all-until the signs of exhaustion are highlighted near the upper leg C.