2026-01-17 04:01:56

Bitcoin Daily Chart Technical Setup

Spotting an interesting harmonic pattern taking shape on the daily timeframe for BTC. The price action is showing clear Bullish Gartley or Bat-style structure with solid A–B–C–D symmetry throughout the move.

What makes this setup compelling is the alignment with key technical levels: price is respecting an ascending channel, and the potential reversal zone (PRZ) is converging right around the 61.8% to 65% Fibonacci retracement level near point D.

The structure currently favors one more rally higher before we'd expect a pullback to consolidate gains. This type of harmonic completion typically offers a good risk/reward setup for traders watching BTC's next leg.

BTC-0,38%

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blocksnark

· 3h ago

It's another harmonic pattern... I've seen this move so many times before, does it really work this time?

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BrokenYield

· 3h ago

ah here we go again with the gartley patterns... every time someone spots "perfect symmetry" on the daily, btc decides to do literally anything else lmao

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RetiredMiner

· 3h ago

Harmonic pattern is back again. Can it break this time?

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Frontrunner

· 3h ago

Not bad, I've seen the Gartley and Bat structures countless times, the key is whether the PRZ can hold. Just test the 61.8 to 65 zone and you'll know. --- Another harmonic pattern, feeling different this time? Why do I always miss the boat? --- The ascending channel doesn't match up, the candlestick chart I see doesn't seem that clear. --- Rally before pullback, I hear this every time, just don't know when it will come. --- The risk/reward looks comfortable, just worried about a big bearish candle wiping it all out. --- I can't see the symmetry in A-B-C-D, maybe my chart eyes are playing tricks on me. --- BTC's rhythm is getting more and more bizarre, has technical analysis already become useless?

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down_only_larry

· 3h ago

Harmonic patterns are back again. Every time, the supposed good setup ends up being broken through. Whether you believe it or not, I believe it anyway.

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