aspect11
Long

BTC Bullish Gartley setup

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Pretty straightforward. Here it is.
The added support and potential bounce off both the 1.27 extension target AND the 200 SMA would be a strong aggressive long entry point.
(The Fib levels are showing the qualifications met for the Gartley setup...it'd be nice if Tradingview allowed line length, and put the Fib level at the RIGHT (most recent) point instead of the left, for clarity. But you get the drift!)

Comment: Price dropped right after posting this, aligning further with this setup for a potential entry in the 8600-8800 zone near the 200sma and 1.27 extension as shown in blue box on chart.
Comment: Price has moved swiftly into, and then bounced off the long entry area as desired. That's all one can ask for as a trader. Profit locks are in place. Now we wait and see.
Comment: See latest post for updated chart.
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