Bitcoin performing 5 leg correction AFTER VERTICAL MOVEMENT. Current Pattern seems like Bullish Gartley(XABCD). B Reversal was bouncing from %61.8 level which is 9750$. C leg did not extent previous high. Price going lower to entry at 8500$ level (-%27.2). Also 8500$ level is fibo %50 which is movement of 3215$ to 13764$.
Entry Long : 8566 $ Stop Loss : 6943 $
Take Profit 1: 9666 $ Take Profit 2: 11423 $ Extreme Target : 15299 $
This is not an investment advice. Investment is your own choice.
Comment
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At last bitcoin price make progress. If the price break 10320$ , the pattern will be cancelled.
Order cancelled
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Price break out previous Lower High level. This is a sign of reversal and new buy opportunity. That’s why Gartley pattern cancelled.