BitcoinLong
Primary Bullish Gartley Confirmed, LONG on Breakout!
Updated
It appears to me, that price action has invalidated my initial Bullish Gartley pattern, however, I've just noticed another Bullish Gartley (which I have missed previously) and has been confirmed over the weekend.
On forex brokers, the BTC opened on a massive GAP, however via Bittrex I monitored price action live over the weekend. Price action seems to have not been able to penetrate strong Support area and has now formed a nice structured channel which in my opinion, is a good indication of a BUY (LONG) on breakout of structure.
Ketchup and Mustard EMAs are about to cross the Blueberry EMA as well as TDI -0.04% showing Sharkfin formation with RSI in the oversold position, ripe for a very strong move LONG.
I will BUY additional Bitcoins on the breakout of structure, on close of the first 4Hour Candle today, from then on I expect moves in Bullish trend for long-term. Most other cryptocurrencies should show bullish trend from here on in, in my opinion. I don't expect any more bearish trend/moves.
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DISCLAIMER: This chart is for sharing and educational purposes only and is not intended to be a signal service or similar.
This chart analysis is only provided as my own opinion, based on my own analysis and comes with absolutely no warranty that this analysis is correct, whatsoever. Do not trade this chart if you do not have your own strategy. Trade only with your own strategy at your own risk. Plan your trade and trade your plan... and IF in doubt, stay out.
.....::::: If you like this chart, please click on the THUMBS UP ! :::::.....
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On forex brokers, the BTC opened on a massive GAP, however via Bittrex I monitored price action live over the weekend. Price action seems to have not been able to penetrate strong Support area and has now formed a nice structured channel which in my opinion, is a good indication of a BUY (LONG) on breakout of structure.
Ketchup and Mustard EMAs are about to cross the Blueberry EMA as well as TDI -0.04% showing Sharkfin formation with RSI in the oversold position, ripe for a very strong move LONG.
I will BUY additional Bitcoins on the breakout of structure, on close of the first 4Hour Candle today, from then on I expect moves in Bullish trend for long-term. Most other cryptocurrencies should show bullish trend from here on in, in my opinion. I don't expect any more bearish trend/moves.
----------------------------------------------------------------------------------------------------------------------------------------------------------
DISCLAIMER: This chart is for sharing and educational purposes only and is not intended to be a signal service or similar.
This chart analysis is only provided as my own opinion, based on my own analysis and comes with absolutely no warranty that this analysis is correct, whatsoever. Do not trade this chart if you do not have your own strategy. Trade only with your own strategy at your own risk. Plan your trade and trade your plan... and IF in doubt, stay out.
.....::::: If you like this chart, please click on the THUMBS UP ! :::::.....
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Trade active
Price action has broken the structure on the 4 hour with a clear candle outside of structure, and thus I've now purchased more coins. From here on in I believe that the only way is up from now on, of course with some retracements along the way.
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