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pixi
Jul 14, 2021 6:02 AM

Daily Bullish Gartley Long

Bitcoin / United States DollarCoinbase

Description

Completion of pattern.
See previous idea.

Trade closed manually

In profit close.
Pattern fails
Comments
Kavalier77
Or did it?
VirtualFax
Will hit 15K first before hitting 45K...
pixi
@VirtualFax,
I have an intermediate target around 22.2K
VirtualFax
@pixi, which falls within the current and the 15k price range.

Hence, I can't disagree with your target ; )
VirtualFax
Will hit 15K first before hitting 45K
SpaceBlobb
@VirtualFax, Highly doubt that
VirtualFax
@SpaceBlobb, my thinking is below (red line is 50 monthly SMA, green - 10 SMA). Yours?

SpaceBlobb
@VirtualFax, Well first off:

BTC hitting the 1.618 fib level before starting every bull run. This goes all the way back to when BTC was launched. We have already had more than a 50% correction in the market and this consolidation range is a textbook wyckoff accumulation forming which clearly caught many off guard.

. And lastly lets not forget how the US dollar like many other FIATs inflation rate is going up like crazy each year. Soon everyone will turn away from FIAT to more scarce and non-inflationary assets like Gold, Silver and Bitcoin.
VirtualFax
@SpaceBlobb, let's talk again when BTC starts hovering around 15K. Which, btw, doesn't mean that it can't go even lower than that.
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