BTC LONG main trend by GARTLEY but short in short term by BAT
Updated
As we had expected, the strong 12300-12600 resistance area worked good and stopped chart ascending move .
First targets of Gartley pattern is reached and rest of them are valid yet.
chart can meet 10300 where it is the first target of a bearish BAT pattern and a support cluster area near middle of channel. There is an alternative extreme condition the last target of this pattern will be 8300 near the bottom of channel and this is the end of correction and BTC will move up and after breaking top of the channel, it will go toward Gartley targets at 14200-15400 points.
Previous analyse link: *click on the chart *
[url= tradingview.com/chart/BTCUSD/j98yCCAe-bullish-Gartley-in-BTC-reached-its-first-target/]
First targets of Gartley pattern is reached and rest of them are valid yet.
chart can meet 10300 where it is the first target of a bearish BAT pattern and a support cluster area near middle of channel. There is an alternative extreme condition the last target of this pattern will be 8300 near the bottom of channel and this is the end of correction and BTC will move up and after breaking top of the channel, it will go toward Gartley targets at 14200-15400 points.
Previous analyse link: *click on the chart *
[url= tradingview.com/chart/BTCUSD/j98yCCAe-bullish-Gartley-in-BTC-reached-its-first-target/]
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ok ... our system is working good
after predicting first resistance area, as we expect the price is falling down to first target of BAT.
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Price reacted to strong support in 9700 area. but support zone in 10000 now is acting as a resistance and chart is descending toward 9500 area again.a crucial time!in he case that this zone is broken, we must expect 8300 area as reverse zone!
lets see what will happen ...
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amazing reaction to cluster area at 9700-9800 area and an approximately double bottom formation.
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