lyl89
Long

BTCUSD - Potential Gartley Pattern on Daily Chart

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
Bitcoin             has been tanking since mid of December 2017.

A bullish Gartley pattern is completing soon.
RSI is almost at oversold level, PRZ at a good support level .

R:R at about 1.8. Good luck.
Comment: Scaling down to H4 chart, we see Bitcoin reacting to the harmonic pattern upon completion.
snapshot
Almost oversold is not a good sign bro. It could go oversold for weeks lol
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lyl89 ChartsOnTime
@ChartsOnTime, well, you might be right. I'm still trying to see how well TA works for crypto. Thanks for your comment though.
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@lyl89, you are here for a long ride lol this is nothing like anything you know. if you read any books about TA in the 1930-40 that is exactly what you will find, a complete kaos lol. good luck bro this is a fun market a lot of haters though.
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@lyl89, In general TA works very well, however, maybe not harmonic patttersn. I too noticed this near perfect gartley, however, only because I did forex previously... many crypto traders don't look for patters, only elliot waves, trends, structure...
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