Possible Bullish Gartley forming with breakout of Triangle
Bitcoin seems to be breaking out of a Triangle towards confirmation of a Bullish Gartley on the 4Hour and Daily.
Price action has already crossed the Water and Mayo and I'm confident it will pin the Blueberry EMA (800EMA).
TDI shows possible downwards path until we hit the oversold position and should there be a Sharkfin and Blood in the water confirmation, it should be a great signal for a LONG entry.
It is possible to trade the breakout SHORT on the 4hourly, however caution is advised so wait for the candle to close, outside of the triangle. There could be a possible reversal from the bearish move, at a support area as well. Should price action reach the Bullish Gartley Confirmation area, I will enter the trade LONG.
Suggestion: If you are purchasing this type of cryptocurrency, don't forget to back up your wallet and keep your passphrase in a safe place. I recommend 'coinomi' for wallets as it is open source and safe.
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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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Price action has already crossed the Water and Mayo and I'm confident it will pin the Blueberry EMA (800EMA).
TDI shows possible downwards path until we hit the oversold position and should there be a Sharkfin and Blood in the water confirmation, it should be a great signal for a LONG entry.
It is possible to trade the breakout SHORT on the 4hourly, however caution is advised so wait for the candle to close, outside of the triangle. There could be a possible reversal from the bearish move, at a support area as well. Should price action reach the Bullish Gartley Confirmation area, I will enter the trade LONG.
Suggestion: If you are purchasing this type of cryptocurrency, don't forget to back up your wallet and keep your passphrase in a safe place. I recommend 'coinomi' for wallets as it is open source and safe.
----------------------------------------------------------------------------------------------------------------------------------------------------------
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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Comment:
This trade is kicking some serious ass, after SHORTing it from the breakout of the triangle, I have already locked in profit. Going to keep the trade open until it confirms the Harmonic Bullish Gartley, where I will LONG it (purchase bitcoins) and hold them for the long term.
