We can see a bullish gartley pattern formed on BTC daily chart, this is a sign of potential reversal near point D ( CD=1.27AB ).
Harmonica patterns are usually used accompany with other technical indicators to increase the probability of a valid entry, e.g. the 21MA.
However, BTC is running under daily 21MA for 3 weeks now, and there's no strong support under D.
I would wait to see if it climbs up 21MA and that is a buy signal.
Harmonica patterns are usually used accompany with other technical indicators to increase the probability of a valid entry, e.g. the 21MA.
However, BTC is running under daily 21MA for 3 weeks now, and there's no strong support under D.
I would wait to see if it climbs up 21MA and that is a buy signal.
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