Get started
jackjamesholmes

BTCUSD - Bearish Gartley pattern forming - Long to D then short

Long
Bitcoin (BITSTAMP:BTCUSD)  
jackjamesholmes Updated   
BITSTAMP:BTCUSD   Bitcoin
Harmonic Patterns Bearish Gartley Bitcoin (Cryptocurrency) BTCUSD
8
2
harmonicpatterns bearishgartley bitcoin btcusd
BTCUSD

I previously posted a similar idea, I have now updated the position of C and feel more confident that price will rise to D before reversing on completion of the Gartley pattern. I am publishing this as a long trade, and the TP recommended is at D price level. I will update or add a separate idea to detail the short trade that I will favour if the Gartley pattern completes.
Comment:
Heading towards the plotted reversal point at D today... will watch for a reversal there before going short.
Comment:
D needs shifting to the right a bit but this is looking better and better. I will publish an idea for the related short position also.
Comment:
Hanging around the 17000 mark at the moment. Still looking good to achieve the target at D
Comment:
Losing confidence it will make it to D. Will put a stop loss at 15250 and let it run
Trade closed manually:
Profit taken at SL 15250

Related Ideas

jackjamesholmes
BTCUSD Bearish Gartley Pattern Part 2!
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.