Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
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Overnight, BTC had an amazing bounce off the trendline which formed from the recent 6.4k bottom. However the bounce at 8.8 was 4/5 steps for a Bearish Gartley pattern. The 5th step is a hit on the 1.272 fib level approximately at 9500.
If we fail to break past $9500, and then break that upwards trendline, I would expect a C wave to be added to this recent Bitcoin correction. My final correction target being around 8.4k. Smaller targets are shown on the chart above.
DISCLAIMER: Please note I am only providing my own trading information for your benefit and insight to my trading techniques, you should do your own due diligence and not take this information as a trade signal.