Even though BTC is definitely in a bear channel, a bull Gartley may be forming in the daily chart. Lower price in D might be around the 7511 support area.
Stochastic RSI shows a deep oversold phase, probably due to a quick reversal soon.
Long run I keep my bear idea, short term it may revert to bull though.
Not a trading advice, merely my idea.
Stochastic RSI shows a deep oversold phase, probably due to a quick reversal soon.
Long run I keep my bear idea, short term it may revert to bull though.
Not a trading advice, merely my idea.
Note
It actually reverted to bull. Currently trading at around 8900$. Won't last long. Don't call the moon. It is sinking.Note
The bull bat I forecasted 4 days ago is still performing. I would check 9250 level (that worked as a support earlier) as a resistance for this bull run. Target price could be around this level.
We are still in a bear channel.
Take care.
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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.