We have BTC coming down with a nice healthy retrace to the .618 Harmonic gartley playing out perectly Currently holding a ling term trendline Holding the top of value on VPVR Bullish divergence in OBV and Willy Histogram has a bullish div but still not confirmed Long term buy zone in green (Between the .618 and .786)
What do I see happening: If we break this .618 fib and confirm this Gartly pattern the next target will be $5400 area. We could bounce up from the 618 and then retrace to the 786 but from here I will be cost averaging my BTC all the way down to $5400 buying the green zone.
* Don't forget to hit that like button and follow me on Trading View and Twitter for more chart analysis :)
Trade active
⋅
This is when I called the top and the Gartley pattern was playing out
There's lots of confluence of a number of factors around your gartley target; 200 SMA on weekly has just crossed 5k mark.
I agree that this is a good place to accumulate for the long term; good luck!