memo
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Pretty much self-explanatory. Questions are more than welcome. Bright purple D is the expected drop target derived from the previous gartley pattern. According to the current bull channel (indicated with red-ish area), we can expect a drop close to $7,600 area. Point D (bright purple) will be in between 7600 to 7980 (Fib .618 and .786 each). $ 7,600 is not only derived from Fib retracement but also the rising support line (the red-ish area indicating the bull current and possible bull trend channel).
update when point D is reached or if BTC makes it back to the green support zone I drew under the bright purple gartley.
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dropped around $ 7,800 ish area which I believe is the perfect spot for BTC to reverse trend and hopefully leading to better market next month.Nota
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The leap towards $8,200 area seems like a possible bull trap.Possibly, the pattern and the point D hasn't completed not just yet.
Could expect more drops for a bit.
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Yup, it sure was a bull trap.Nota
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Previously, I told you already where we are expecting to rebound. Assuming that the gartley pattern has been completed, Fib retracement between XD and AC are in just about right range between $8,500 ish to $8,700. we had a bull trap just before $ 7,900 that bumped the price quite a bit for awhile.
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adjusted the gartley a little. no biggie. the change shows the possibility that point D hasn't concluded yet.
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Go to Repost for more updates.
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.