BTCUSDT patterns overview with Bullish Gartley $Binance 4h TF
Bullish Gartley
Symmetrical Triangle
Falling wedge
RSI bullish divergence
Inversed H&S (visible on naked eye)
Symmetrical Triangle
Falling wedge
RSI bullish divergence
Inversed H&S (visible on naked eye)
Комментарий:
Bearish Gartley
Комментарий:
Комментарий:
Completion? Seems so... down we go..
TP1: 3458$
TP2: 3417$
Extended TP3: 3349$
TP1: 3458$
TP2: 3417$
Extended TP3: 3349$
Комментарий:
- Hidden Bullish Divergence (short term)
- Rising Wedge (short term to completion)
- Three Drives (short term to completion)
- ABCDE Elliott Waves Inside Rising Wedge
- Macro Gartley Pattern (Target 3200$ mid-term), becomes invalid once we go above 4200$
To break all this patterns up...
We completed small gartley pattern updated above and already reached TP1 at 3458$ - it did match perfectly with this rising wedge, ABCDE EW pattern and Three drives (another harmonic pattern).
Short / sell point of small bearish gartley was around 3530$ (it was also target of the previous triangle), which is also C of ABCDE, top of rising wedge and 2 high out of 3 of three drives pattern.
We came to low of 3447$ which corresponded with TP1 of small bearish gartley, bottom of rising wedge and D of ABCDE Elliot Wave pattern inside the wedge.
NOW: We are at bottom of rising wedge, D of ABCDE and bottom of Three drives channel.
We have one more leg up to top of rising wedge, conclusion of ABCDE and Three Drives pattern which is a short / sell point and will be around 0.618 of swing low / swing high fib on BTC since bottom - 3553$.
We do have bullish hidden divergence on RSI indicator and it's all align to play this if there's no manipulation.
From there we are coming down to those boxes, first box is target of Three drives, bottom one target of rising wedge or full move of another Three Drives down.
Macro view we still have the big bullish Gartley that reverses (long) around 3200$.
- Rising Wedge (short term to completion)
- Three Drives (short term to completion)
- ABCDE Elliott Waves Inside Rising Wedge
- Macro Gartley Pattern (Target 3200$ mid-term), becomes invalid once we go above 4200$
To break all this patterns up...
We completed small gartley pattern updated above and already reached TP1 at 3458$ - it did match perfectly with this rising wedge, ABCDE EW pattern and Three drives (another harmonic pattern).
Short / sell point of small bearish gartley was around 3530$ (it was also target of the previous triangle), which is also C of ABCDE, top of rising wedge and 2 high out of 3 of three drives pattern.
We came to low of 3447$ which corresponded with TP1 of small bearish gartley, bottom of rising wedge and D of ABCDE Elliot Wave pattern inside the wedge.
NOW: We are at bottom of rising wedge, D of ABCDE and bottom of Three drives channel.
We have one more leg up to top of rising wedge, conclusion of ABCDE and Three Drives pattern which is a short / sell point and will be around 0.618 of swing low / swing high fib on BTC since bottom - 3553$.
We do have bullish hidden divergence on RSI indicator and it's all align to play this if there's no manipulation.
From there we are coming down to those boxes, first box is target of Three drives, bottom one target of rising wedge or full move of another Three Drives down.
Macro view we still have the big bullish Gartley that reverses (long) around 3200$.
