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jlugog
Jul 11, 2019 3:42 PM

BTC to test lower supports Short

Bitcoin / DollarBitfinex

Description

One of the most respected patterns on BTC, Gartley, even though this is a Bullish one, take care if you are planning on going long here. PRZ is on D point, around 9k

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The pattern is being followed by the price action, we are now testing this important level on 10.5k If we lose it, we could go down and fulfill the pattern

Any questions on this pattern, feel free to ask.

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tradingview.com/chart/uuaCs5PU/

RSI shows bearish behavior. Midpoint 50 is just being crossed down and now is support, EMAs on RSI bearish cross since days ago. Thats why I like this indicator.

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Here we go, according to Gartley pattern, we can do either bounce from D point or to go a bit down and accumulate between X and D, be careful and trade safe.
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