A final push down to complete a macro-bullish Gartley - BTCUSD
This current run down has yet to show on any time frame larger than 2 hours. I would wait for at least a div on the 4 hour or, better yet, daily. I mentioned it in my most recent post also, but pay attention to the date January 26th, as that is the day contracts expire. I would not be surprised if the bottom occurs +/- 1 day of this event, as the last one did with CBOE expiries on January 18th.
Keep in mind this is a longer term trade target, I am still on BTCUSD in the short-term. Based on THIS CHART I would look to close shorts above $9,000. Open longs between $9,000 and $7,500 with stops below $7,000. PT, long term, being somewhere between $23,000 and $29,000 .
I will update this and past ideas as this unfolds. See the ideas linked below for more.
*THIS IS NOT TRADING ADVICE - It is imperative you do your own analysis and research, and trade on your own accord*