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
Comment:
Prices update.
Order cancelled
Target $9600- 38,2% of the bearish wave from dec. 2017
Then, the same strategy.