Alexander_Nikitin
Long

Bitcoin. Unified gartley

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Based on what I see on this chart Bitcoin has some problems going lower. There are some formations that everybody sees: double bottom , new higher high, fibonacci cluster , ab=cd harmonic measurement and a unified gartley . All this indicates that a bitcoin is about to consolidate or reverse. Its downside potential is definitely slowed down. With that being said I'd aim to a larger targets than tradingtional ones. Although, the tradingtional target levels can be used to take partial profits and trigger the breakeven mode. Happy Monday!
Comment: now the pattern is complete
✅ This pattern was found by MPS-v5.5 pattern recognition software: https://mps-trade.com

✅ The backtest of all patterns was peformed by MPS-v5.5: https://mps-trade.com/

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Comments

I like it and have a similar idea on H1. BTCUSD H1 Complex correction up. Checkout the idea detail's and update's for the complete picture.
+1 Reply
@Boon2, nice:)
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Trade exit
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Comment removed.
haha!!! compete?! sure?
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@IRCSAS, can't you read?? I said "complete" not "compete"
+3 Reply
Thanks for your work. I could not agree more. I do have some other thoughts as well that may differ from yours. Appreciate your insight.

Good morning Traders! Here's my morning BTC analysis for Dec 4th. In this I discuss small time frames showing slight strength | Bigger time frames looking bearish | Next OB breakdown range:
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Gartley failed?
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