GerRan12
Short

BTCUSD - Potential Gartley Pattern, Sell Idea (2h)

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
I am expecting price to hit around the 10k level then reverse down giving us a shorting opportunity.
Comment: Price has hit the level I was expecting it to hit before reversing and going down to hit the two targets indicated by the arrows. Successful trade idea.
DO NOT SHORT A BREAKOUT...DOUBLE BOTTOM IN ACTION..THERE MAY BE SMALL RETRACMENT BUT NOT A HUGE ONE..
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GerRan12 ghose12
@ghose12, Good eye. I only took profit at 1 target at around 9,277. I expected to see a 2618 trade which is what has happened. I believe price can continue up from 9,000.
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