[Tj] Bullish Gartley or Bullish Pennant? Choose your pick BTC!

已更新

Hi, everyone. It's Tj again!

Haven't had a chance to upload my TAs in English... instead, I posted most in my native language (Korean). Surprisingly, I got to share ideas with the people all around the world. People from Europe, Asia, Oceania and more! It's amazing how Tradingview is a facebook for geeks like us! Hooray!!

Today's TA focuses on two possible patterns I predicted a few days ago.

It's either a Bullish Gartley or a Bullish pennant ( + triangle consolidation).

According to fib, numbers are in just about right range. and I love it how the point D actually touches the previous resistance (now a support line for us).

not just that, but if you go into 2h chart you can see that point D is also just on the Ichimoku cloud support.

If we lose the lower side of the triangle, we could expect the Gartley.

If we hold the support (lower line of the triangle) after testing the resistance, we can expect to see another bull rally for a few days.

For a broader view, you can always check out my Korean channel for more charts and ideas (don't really need to read the text if you have a basic idea how TAs are made).

these are some ideas from a broader point of view:

[Tj] Possible Bear trap by Cartel, Whale w/e you wanna call it

I love connecting with people ! Please PM me or leave a comment if you have any question!

注释

BTC fail to break out beyond the current resistance.
Follow the first red arrow!

let's see what happen after the first drop. Would it break out towards the previous resistance (shown on red line)? or would it continue to consolidate and eventually break out the resistance?