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CenkGultekin
Jan 15, 2018 3:48 PM

BTCUSD - Bearish Gartley Continuation Scenario Short

Bitcoin / DollarBitfinex

Description

In order for BTC to have a significant bull rally, one or more of these conditions have to be met:

a) positive FA catalyst
b) long capitulation, short increase (Finex alone has 5k longs between AC; shorts have been oscillating between 10-12k)
c) low IQ plebs who have been fomoing into shitcoins get baptized in blood

On the TA-side:
a) Price needs to break above 4hr 50/200 EMA death-cross (see July correction fractal)
b) 71.8% retracement from the recent high/low

Trade active

Target 1 reached. Still has room to go down.

Trade active

Target 2 reached. Closed %50 position.
Comments
Jenesis2n1
Agree.
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