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jackjamesholmes
Jan 2, 2018 9:19 PM

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

Bitcoin / U.S. dollarBitstamp

Description

BITSTAMP: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
Comments
jackjamesholmes
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.
Potatohead
Going in for that double top
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