As you all know BTC just took a massive hit, driving it all the way down to my previous target of $3850. Many people are panicking at this point, however, I see this as a possible long opportunity.
Here are my reasons why:
The chart above shows a beautiful Gartley pattern, which IF holds true, we should see upward movement here soon.
The ABCD pattern that I previously published has completed itself, giving us another very bullish signal.
BTC is showing many signs of divergence, on multiple time frames.
Things to keep in mind:
We are still in a BEAR Market!
As of this moment there are no long term signs of reversal, there are only early indications that a swing up is likely.
Therefore this may be a risky move for long term investors, which I am not. I get in, and I get out.
There is a massive amount of fud news out. Which may not work in my favor.
What i am doing:
As I am writing this, BTC has already fallen into the Entry Zone.
Therefore I've just placed my first Long order.
Target zone is $4,300 - $4,500
It would be a very bullish signal for BTC to move above the breakaway line. So IF such thing would occur, I would update you all as soon as possible.
I wish you all the best of luck!
DISCLAIMER:
Please note I am only providing my own trading information for your benefit and insight to my trading techniques, you should do your own due diligence and not take this information as a trade signal.
Here are my reasons why:
The chart above shows a beautiful Gartley pattern, which IF holds true, we should see upward movement here soon.
The ABCD pattern that I previously published has completed itself, giving us another very bullish signal.
BTC is showing many signs of divergence, on multiple time frames.
Things to keep in mind:
We are still in a BEAR Market!
As of this moment there are no long term signs of reversal, there are only early indications that a swing up is likely.
Therefore this may be a risky move for long term investors, which I am not. I get in, and I get out.
There is a massive amount of fud news out. Which may not work in my favor.
What i am doing:
As I am writing this, BTC has already fallen into the Entry Zone.
Therefore I've just placed my first Long order.
Target zone is $4,300 - $4,500
It would be a very bullish signal for BTC to move above the breakaway line. So IF such thing would occur, I would update you all as soon as possible.
I wish you all the best of luck!
DISCLAIMER:
Please note I am only providing my own trading information for your benefit and insight to my trading techniques, you should do your own due diligence and not take this information as a trade signal.
تم فتح الصفقة:
Possibly a trendline bounce, plus 30m RSI is showing clear signs of divergence. Waiting for a cross of the upper rsi trendline to add to my long.
Good luck!
Good luck!
تعليق:
أغلقت الصفقة: تم الوصول لوقف الخسارة:
According to the rules of Gartley patterns, the stop/loss should be placed below the x point. We could still see a bounce eventually, but this pattern has failed.
Creator of DepthHouse Indicators on TradingView!
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↣ depthhouse.com/
