Formation of bullish Gartley: This time on very long term monthly chart the price action of Bitcoin (BTC) has formed bullish harmonic Gartley pattern and entered in potential reversal zone.
Buying And Sell Targets: The buying and sell targets according to harmonic Gartley pattern should be: Buy between: $7231 to $5424
Sell between: $8654 to $12070
Stop Loss: The potential reversal zone area which is up to $5424 can be used as stop loss in case of complete candle sticks closes below this level.
This idea is for long term traders not a short term idea; I will be keep posting more trading ideas.
Note: This idea is education purpose only and not intended to be investment advice, please seek a duly licensed professional and do you own research before any investment.