Up to 340 (Bearish Gartleys) Long

Bitcoin / U.S. dollarBitstamp

Description

⋅ Feb 3, 2015 10:30 AM

Target: 340
Stop Loss: 210 USD

Base: 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.

Comments

oaksacorn

⋅ Feb 3, 2015 3:20 PM

Say what?

rivet.popper

⋅ Feb 3, 2015 2:01 PM

I agree with the runup target but not the tanking afterward. I think the bottom is in.

Vatis

⋅ Feb 3, 2015 2:05 PM

Ok, but Bearish Gartleys are actually bearish signals, so there must be a downward movement afterwards. ;-)

rivet.popper

⋅ Feb 3, 2015 3:33 PM

Yes, I'll give you a little pause after the runup, but direction still up from here on in.