Bitcoin .. short term still favors the bears

last post on Bitcoin: https://bartscharts.com/2021/06/21/bitcoin-update-3/

nice rally from the fresh lows in the high 20’s .. but, for now, still suggests a correction in a ongoing 5 wave C wave pattern.

if we blow thru 41358 (note futures contract – other prices may vary) on a daily close above then, more probability that the low is in place for an advance.

for now, a near perfect Gartley Sell Pattern exists in around 38-39K

Bart

Author: BART

BART is a CMT and an expert a "advanced" pattern recognition used w/in the intermarket analysis discipline. He's also an accomplished Business Development Executive providing solutions to a myriad of business markets.

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