SammyJonga

BTC showing bullish short term signals

Long
BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
My analysis explained:

- The gartley pattern:
- Shows a . 618 retracement of the B-leg
- C-leg between .618 and 1.0
- D-leg is at the . 786 retracement of the A-leg so a bullish pivot is expected from here on.

- The RSI:
- Shows momentum for bullish pivot

- The longer trend:
- The wedge hasn't been broken yet
- There is a strong resistance from previous highs.

Feedback is welcome. Thanks
Comment: Stop loss triggerd

What went wrong?

-should have used the low of the more recent previous structure. If I did that, it would have almost stopped out but didnt trigger it.

Comments

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