BitcoinLong
Possible Bullish Gartley forming before huge push upwards?
It seems we may have a Bullish Gartley Harmonic forming on the 4 Hourly and Daily charts where price action is now on it's way down to the confirmation area. Should the bullish Gartley harmonic pattern form, it will become a highly probable pattern that should give strong signal to buy/LONG this crypto.
TDI shows current progression downwards following price action with no divergence, whilst the Mustard EMA is about to cross the Ketchup which should give a clear signal for a drop. I'm quite confident that once the SEGWIT /UASF has been completed, price action will perform a very hard upward move, most likely to past the $3000 region by the end of next week, following through to even higher price points further down the track.
Expect to see a significant GAP as trading will most likely halt during the upgrade for at least 24 hours, thus don't be surprised if you see the open of the opening candle lower than the confirmation area, most likely either just on or below the upper wedge trendline.
I'm still bullish on this and will be LONG-TERM, most likely I'll purchase another round of bitcoin once it reaches the bullish gartley harmonic pattern confirmation area and hold long term.
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DISCLAIMER: This chart is for sharing and educational purposes only and is not intended to be a signal service or similar.
This chart analysis is only provided as my own opinion, based on my own analysis and comes with absolutely no warranty that this analysis is correct, whatsoever. Do not trade this chart if you do not have your own strategy. Trade only with your own strategy at your own risk. Plan your trade and trade your plan... and IF in doubt, stay out.
.....::::: If you like this chart, please click on the THUMBS UP ! :::::.....
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TDI shows current progression downwards following price action with no divergence, whilst the Mustard EMA is about to cross the Ketchup which should give a clear signal for a drop. I'm quite confident that once the SEGWIT /UASF has been completed, price action will perform a very hard upward move, most likely to past the $3000 region by the end of next week, following through to even higher price points further down the track.
Expect to see a significant GAP as trading will most likely halt during the upgrade for at least 24 hours, thus don't be surprised if you see the open of the opening candle lower than the confirmation area, most likely either just on or below the upper wedge trendline.
I'm still bullish on this and will be LONG-TERM, most likely I'll purchase another round of bitcoin once it reaches the bullish gartley harmonic pattern confirmation area and hold long term.
----------------------------------------------------------------------------------------------------------------------------------------------------------
DISCLAIMER: This chart is for sharing and educational purposes only and is not intended to be a signal service or similar.
This chart analysis is only provided as my own opinion, based on my own analysis and comes with absolutely no warranty that this analysis is correct, whatsoever. Do not trade this chart if you do not have your own strategy. Trade only with your own strategy at your own risk. Plan your trade and trade your plan... and IF in doubt, stay out.
.....::::: If you like this chart, please click on the THUMBS UP ! :::::.....
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Disclaimer
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