Bullish gartley on BTC with 30k target. conformation backtest with easy invalidation and nice Risk/Reward
A-C is technically invalid, should be <88, but it's Crypto
My bags are packed.
Bearish shark pattern not valid until after it completes. Lines up with previous resistance and mental resistance of about 10k
Pattern is not valid unless price reaches target zone. Invalid if price drops below point C before reaching target zone.
ABC Elliot correction wave lines up with bearish bat harmonic. I will be stacking shorts from the white line to the top of the green box.
RSI and SRSI pointing up
I expect price to retrace to the bottom of the wedge
We can see that the price has touched the top of the wedge 3 times so far, each at key S/R levels. I believe this is the final leg down before the next bull run. BTC will have to revisit tough resistance at 8500, 9900, 11600 and 13000 resistance levels during the next run up so it wont be easy. I'm looking for a reversal around the 7000-7300 zone.
Any feedback is welcome
Bearish Bat will complete if BTC reaches 9650-9750. I will open a short position there. Feedback is always welcome