Bitcoin has reached the first 3 targets after completing a Bullish Gartley harmonic. The final target is around $42,700.
Bitcoin is also forming this Cup and Handle formation. For me, if it plays out it will be more confirmation of the overall bullish trend.
I am expecting a retrace back to around $35,500 to form the handle, and will expect a move up after that.
This daily chart still looks bullish to me.
I'll be hiding in the bushes waiting to see how it plays out.
Owhooooo!
Bitcoin is also forming this Cup and Handle formation. For me, if it plays out it will be more confirmation of the overall bullish trend.
I am expecting a retrace back to around $35,500 to form the handle, and will expect a move up after that.
This daily chart still looks bullish to me.
I'll be hiding in the bushes waiting to see how it plays out.
Owhooooo!
Note
A little more downside? Note
Watching this local move on the 5min chart. My whiskers are starting to twitch for a reversal, but a continuation would make more sense.
Note
Owhooooo!Note
My tail is between my legs!
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.