BTCUSD is respecting limits of a parabolic curve and making moves respecting symmetric market structure.
Price could go to the 1.7475 - 1.7600 area completing a gartley pattern, giving us the opportunity to short. First target would be at the trendline and second target would be at 1.656
- EMAs crossed suggesting bullish bias; - Price getting out of volatility channel (upside) - Rebound from the 50% retracement; - Robust weekly candle; - Possible ABCD pattern before any sign of reversal; - Stoch is not losing pressure yet.
PETR4 Potencial AB = CD pattern might be forming on the daily chart, giving us a 8:1 Reward to Risk ratio, which is nice. - Support @ 8.00 - 38.2% Fib Level - Black MA acting as Support