Vatis
Long

Up to 340 (Bearish Gartleys)

BITSTAMP:BTCUSD   Bitcoin / Dollar
Target: 340
Stop Loss: 210 USD

Base: http://myforexmagicwave.com/wp-content/uploads/2012/10/Bearish-Gartley-with-2-Trades1.jpg
Comment: We can see, that the first Gartley was a very nice example of the theoretical model from the link. There is a strong possibility that the second will be similar.

Related Ideas

rivet.popper
2 years ago
I agree with the runup target but not the tanking afterward. I think the bottom is in.
Reply
Vatis rivet.popper
2 years ago
Ok, but Bearish Gartleys are actually bearish signals, so there must be a downward movement afterwards. ;-)
Reply
rivet.popper Vatis
2 years ago
Yes, I'll give you a little pause after the runup, but direction still up from here on in.
Reply
oaksacorn
2 years ago
Say what?
Reply
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