BTCUSD correcting after a bearish gartley
The daily market for BTCUSD , after forming the bearish Gartley I reported in a previous chart, is correcting.
If the figure completes "by the book", the target price should be around 11000$. It is indeed unlikely to reach that level given the volatility and the tumultuous market so I traced that level as a strong support.
It seems more likely that the drop will stop at an intermediate support (dotted line) to possibly revert the trend and become bullish.
If the figure completes "by the book", the target price should be around 11000$. It is indeed unlikely to reach that level given the volatility and the tumultuous market so I traced that level as a strong support.
It seems more likely that the drop will stop at an intermediate support (dotted line) to possibly revert the trend and become bullish.
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