New Bull run, yes, but not now
Hi,
I think BTC have found its bottom on the 200 Weekly MA hitted in last december. But for now, the FOMO is coming back and i hate FOMO ;)
If the bottom is really 3K (i think so), i need (if market wants ;)) a bullish reversal pattern on high Time Frame.
By hitting $8400, BTC could potentially setup a gartley (like it did serveral times in 2016/2017 - see my previous ideas in 2017).
The ratio of the XA leg ($3100 / $8400) fits perfectly with support areas and structure.
If this harmonic pattern occurs (end of september / early october), it would be a nice entry buy BTC for long term ($4200/$4300).
I think BTC have found its bottom on the 200 Weekly MA hitted in last december. But for now, the FOMO is coming back and i hate FOMO ;)
If the bottom is really 3K (i think so), i need (if market wants ;)) a bullish reversal pattern on high Time Frame.
By hitting $8400, BTC could potentially setup a gartley (like it did serveral times in 2016/2017 - see my previous ideas in 2017).
The ratio of the XA leg ($3100 / $8400) fits perfectly with support areas and structure.
If this harmonic pattern occurs (end of september / early october), it would be a nice entry buy BTC for long term ($4200/$4300).
Trade active
Note
Another option if $8400 breaks.Target $9600- 38,2% of the bearish wave from dec. 2017
Then, the same strategy.
Note
Prices update.Order cancelled
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.