saadcrates
Short

Bitcoin formed a Bearish Gartley. Likely going down further.

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
I noticed this last night, but... since we're in limbo right now, I figured it would be a good pattern to point out.

Point B retraced perfectly to the .618 fib level from the X-A move.

Point D retraced .786 from the XA move.

By all sound principles, this is a Bearish Gartley . And we should be on the way further down.

Remember, patterns are not laws. Anything can happen. Keep your stop losses tight.

Careful out there.

-SJ

P.S. - here's information about confirming the Bearish Gartley

https://www.dailyfx.com/forex/education/trading_tips/daily_trading_lesson/2012/12/10/Learn_Forex_The_87_Year_Old_Chart_Pattern_That_Traders_Still_Love.html
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