Bullish Gartley Pattern in play for further move up to break 30k

Aug 9, 2023

#Bitcoin is consolidating right below 30k with two failed breakout attempts. I think there is still steam up from the previously confirmed broken falling wedge and on the next attempt 30k shall break. A possible Gartley Pattern adds to the bullishness. Observing if the 1h candle will close as hammer. Still bullish overall but cautious here to make sure this is not a double top that may dump BTC further.

Aug 9, 2023

Note

Yea I thought that swing from C to D seemed a bit cramped up... It needs adjustment to that green hammer candle low of 29363 as it coincides with the 0.78 Fib level. Also, move the X slightly lower to the start of the rally at 29141. There u go you have the perfect Gartley Harmonic Pattern.

GOING UP!