TradingView
DonjonCapital
Jan 26, 2019 10:17 AM

Bitcoin - Bullish Gartley & Pitchfork Long

Bitcoin / DollarBitfinex

Description

Bullish Gartley and pitchfork combination yields a few opportunities to us.
I'm going to be looking for a place to enter LONG on support.
Exiting the position at the median line touch, marked by the red box.
This pitchfork should last a long time. I'm happy to have it!

Trade active

We're dancing underneath the fork. When and IF we re-enter the fork, I believe it will be off to the races. Just at a glance, I see what looks like Wyckoff accumulation.

Trade closed manually

Not too happy with this idea, and other 'Harmonic Pattern' ideas I have posted. I'm soon to dive into some homework on these bad boys. I seem to be drawing my pattern just one or two legs early. I'll look into why! If I can get better at identifying bottoms, less stop-outs, more targets nailed. Because these are fantastic at nailing targets/pitchfork median line.
More