It will be interesting to see how bitcoin will play out this coming week (when is it not)
Bitcoin has created a Gartley, and has been completed at the 1550 price. Target would be around the low 1460's which almost got there, hasn't got quite there yet. So, in that case maybe there is a chance for a new high if we break this area and stay above the trend line.
Now if new highs are formed, 1560's-70's possibly even high 1580's seem like a good place to short as it will lead to the final Gartley pattern completion, along with a nice bearish abcd (maybe ab=cd), though 1560 being a key level.
First buy back target in the mid1470's.
Bitcoin has created a Gartley, and has been completed at the 1550 price. Target would be around the low 1460's which almost got there, hasn't got quite there yet. So, in that case maybe there is a chance for a new high if we break this area and stay above the trend line.
Now if new highs are formed, 1560's-70's possibly even high 1580's seem like a good place to short as it will lead to the final Gartley pattern completion, along with a nice bearish abcd (maybe ab=cd), though 1560 being a key level.
First buy back target in the mid1470's.