Bearish Gartley pattern on Bitcoin confirms the next leg down
Gartley 0.5-0.618 patterns are usually pretty reliable. On a chart you can see a Bearish Gartley 0.618 pattern forming.
It confirms a down movement from D (11000) in the direction of C.
Trading a Bearish Gartley: IF the price breaches B and then reaches (almost or sometimes by a wick) D the trader will go short (a short order is triggered) and take profit at 50-61.8% retracement of CD.
Stop loss is placed above X point.
Good Luck!
Disclaimer: Please don't trade based only on my analysis, do your own research. I'm not responsible for your losses.
It confirms a down movement from D (11000) in the direction of C.
Trading a Bearish Gartley: IF the price breaches B and then reaches (almost or sometimes by a wick) D the trader will go short (a short order is triggered) and take profit at 50-61.8% retracement of CD.
Stop loss is placed above X point.
Good Luck!
Disclaimer: Please don't trade based only on my analysis, do your own research. I'm not responsible for your losses.