RagingRocketBull
Short

Bearish Gartley pattern on Bitcoin confirms the next leg down

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Gartley 0. 5-0 .618 patterns are usually pretty reliable. On a chart you can see a Bearish Gartley 0.618 pattern forming.
It confirms a down movement from D (11000) in the direction of C.
Trading a Bearish Gartley: IF the price breaches B and then reaches (almost or sometimes by a wick) D the trader will go short (a short order is triggered) and take profit at 50-61.8% retracement of CD.
Stop loss is placed above X point.

Good Luck!

Disclaimer: Please don't trade based only on my analysis, do your own research. I'm not responsible for your losses.
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