Bitcoin at the D-Point of a Bullish Gartley – What’s Next?

18 Mac

Bitcoin(BTCUSDT) is currently trading near the Support zone($80,600_$79,000) and Potential Reversal Zone(PRZ)[$81,070-$80,450] and Support line.

Bitcoin appears to be completing the Bullish Gartley Harmonic Pattern.

Educational Note: The Bullish Gartley is a harmonic pattern that signals a potential reversal in an uptrend after a corrective move. It consists of five points (X-A-B-C-D) and follows specific Fibonacci retracements, with the D-point acting as a key buying zone.

Regarding Elliott wave theory, Bitcoin is completing the microwave B of the main wave Y.

Also, we can see the Regular Divergence(RD+) between Consecutive Valleys.

I expect Bitcoin to rise at least to Cumulative Short Liquidation Leverage[$83,959-$83,649]. If the Resistance zone($84,130_$81,500) is broken, we can expect further increases in Bitcoin.

Note: If Bitcoin breaks below the Support zone($80,600_$79,000), we can expect further declines.

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Bitcoin Analyze (BTCUSDT), 1-hour time frame.

Be sure to follow the updated ideas.

Do not forget to put a Stop loss for your positions (For every position you want to open).

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19 Mac

Dagangan aktif

Trade was activated

19 Mac

Dagangan ditutup: sasaran tercapai

The Target Done, as I expected.

Of course, this analysis achieved its Target with the help of the previous analysis titled "Inverse Head & Shoulders in Play – Bitcoin’s Bullish Setup!!!".

19 Mac

Nota

Full Target Done