We have seen Bitcoin make a correction as it does every two years, this is a topic for another day however, what we're looking into today is the intraday technical analysis.
Bitcoin has formed a bullish Gartley, I anticipate the Gartley to complete allowing my buy limit to activate and to take us to strong resistance cluster before and I will wait from there to see a breakout and possibly two other confirmations to allow me to trade this Crypto currency on a swing trade.
In the event that it closes below my entry point, the Hormonic pattern will most likely convert into a bullish butterfly, giving us the confirmation we need to hold this crypto for the next 6 - 9 months.
On the daily timeframe we see an ABCD trend hike forming giving us a confirmation we need to hold Bitcoin on the weekly timeframe but, I recommend we wait for more confirmations before committing to long term trades.
Please share your thoughts.
Disclaimer
NASDAQ Guru offers general trading signals that does not take into consideration your own trading experiences, personal objectives and goals, financial means, or risk tolerance.
Bitcoin has formed a bullish Gartley, I anticipate the Gartley to complete allowing my buy limit to activate and to take us to strong resistance cluster before and I will wait from there to see a breakout and possibly two other confirmations to allow me to trade this Crypto currency on a swing trade.
In the event that it closes below my entry point, the Hormonic pattern will most likely convert into a bullish butterfly, giving us the confirmation we need to hold this crypto for the next 6 - 9 months.
On the daily timeframe we see an ABCD trend hike forming giving us a confirmation we need to hold Bitcoin on the weekly timeframe but, I recommend we wait for more confirmations before committing to long term trades.
Please share your thoughts.
Disclaimer
NASDAQ Guru offers general trading signals that does not take into consideration your own trading experiences, personal objectives and goals, financial means, or risk tolerance.
