BitcoinShort
20K again ?
Hi,
Here's a potential trading strategy for Bitcoin. Currently, BTC appears to be in an uptrend within a broad channel. It might be heading towards the lower support of this channel. In this scenario, we could expect a liquidity hunt down to $24,000 to trigger stop-loss orders, followed by a significant rebound towards $38,000. This movement could conclude with one last dip to the bottom of the channel, completing a bullish Gartley pattern. Interestingly, the culmination of this pattern could coincide with the U.S. elections in November 2024.
Here's a potential trading strategy for Bitcoin. Currently, BTC appears to be in an uptrend within a broad channel. It might be heading towards the lower support of this channel. In this scenario, we could expect a liquidity hunt down to $24,000 to trigger stop-loss orders, followed by a significant rebound towards $38,000. This movement could conclude with one last dip to the bottom of the channel, completing a bullish Gartley pattern. Interestingly, the culmination of this pattern could coincide with the U.S. elections in November 2024.
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