SteveEnnom
Long

Bull gartley forming?

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Even though BTC is definitely in a bear channel , a bull Gartley may be forming in the daily chart . Lower price in D might be around the 7511 support area .

Stochastic RSI shows a deep oversold phase, probably due to a quick reversal soon.

Long run I keep my bear idea, short term it may revert to bull though.

Not a trading advice, merely my idea.
Mar 20
Comment: It actually reverted to bull. Currently trading at around 8900$. Won't last long. Don't call the moon. It is sinking.
Mar 21
Comment:

The bull bat I forecasted 4 days ago is still performing. I would check 9250 level (that worked as a support earlier) as a resistance for this bull run. Target price could be around this level.

We are still in a bear channel.

Take care.
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