PhilHumphreys

BTC - Broadening Bottom halts more downside?

COINBASE:BTCUSD   Bitcoin
Last month I saw a bearish gartley harmonic developing that probably ended closer to a bearish bat harmonic.

The long was successful and so far the short has been too (link below)

I had seen no potential for failure in this short until 2 days ago when we started to develop a broadening wedge. This analysis is neutral not long until a 4 hour close confirms this pattern and I'd want to see more upside before considering a long but I am considering it.

Good luck!


Penafian

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