Ziyi26
Long

ONTBTC LONG GARTLEY PATTERN

BINANCE:ONTBTC   Ontology / Bitcoin
The trend based fib extension on the first bullish gartley (purple, ~june 1st till ~june 24) gave us the 50% extension/retracement on june 25/26 and the start of a smaller second bullish gartley (red, ~24 june till ~3 july). Things are looking good for a breakout on the bearish channel that started around ~june 6.

First primary targets are the 61% on the trend based fib from the second gartley that coincides with the 50% on the trend based fib from the first gartley , around 9k sats .
Second primary target is the 168% on the trend based fib from the second gartley that coincides with the 100% on the trend based fib from the first gartley , around 11k sats .

Depending on your entry, first target is 10 - 15%+ and second target is 40 - 50%+.
Resistance targets could be 9k and 10k sats .

Tight stoploss would be around 7.4k sats , just under low of july 3rd.
Wider stoploss would be around 6.8k sats , just under low of june 24.

Upon reaching profit targets, I expect us to form a bearish gartley (green) and from there on probably retrace atleast 50%.

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