Bearish BAT and Bullish Gartley are working good!
Updated
BTC is working according to patterns which was identified previously,BAT and Gartley!
Descending in short term by BAT and ascending in mid term by Gartley.
you can see that analyse in this link:
https://www.tradingview.com/chart/BTCUSD/8ptRYH1x-BTC-LONG-main-trend-by-GARTLEY-but-short-in-short-term-by-BAT/
this post will be updated later.
Descending in short term by BAT and ascending in mid term by Gartley.
you can see that analyse in this link:
https://www.tradingview.com/chart/BTCUSD/8ptRYH1x-BTC-LONG-main-trend-by-GARTLEY-but-short-in-short-term-by-BAT/
this post will be updated later.
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hia correction:
2nd target of BAT is near 8300 point. ( and there is a very strong support cluster area there and it is near bottom of channel) this is the main reverse point.
Also there is a significant support cluster near 9000 area.
you should trace chart with a price action view on candlesticks for probable support and a reverse in chart in this areas.
summary : 8300-9000 is a potential support zone.
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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! and if it it supported here, a double bottom pattern could be formed for ascending move.
lets see what will happen ...
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correction about last update: I mean double bottom in 1-4 h time frame.Trade active
Interesting reaction to support CLUSTER AREA at 9750-9850 area.Morning star and an approximately double bottom!
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