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InkyGrip
Oct 11, 2020 8:22 AM

BTCUSDT Gartley Pattern complete 🦐 Short

Bitcoin / TetherUSBinance

Description

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BTCUSDT Gartley Pattern complete, and now the price can have a correction on 0.618 Fibonacci level.
According to Plancton's strategy, we can set a nice order
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Follow the Shrimp 🦐

Keep in mind.
  • 🟣 Purple structure -> Monthly structure.
  • πŸ”΄ Red structure -> Weekly structure.
  • πŸ”΅ Blue structure -> Daily structure.
  • 🟑 Yellow structure -> 4h structure.
  • ⚫️ Black structure -> >4h structure.



Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Comments
Tolberti
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Interesting idea, thank you for sharing!
InkyGrip
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@robertthewise, thanks buddy πŸ”₯πŸš€
smart4trade
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Fantastic !!
InkyGrip
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@smart4trade, thanks thanks thanks 🍿πŸ”₯πŸš€πŸ¦
tudorache1987
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Hi. I really like your ideas and I find them very useful. I have a question though: why did you choose that candle for the "X" point and not green one from it`s left? That one printed a higher high. Thank you very much and keep up the good work!
InkyGrip
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@tudorache1987, thanks for your feedback! The impulse starts from that candle (red one). Do you agree? 🦐
tudorache1987
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@plancton0618, Yes, that is true, but the green candle forms a fractal. I try to find some rule, so I can find the right place to start this patterns. Because if you start the pattern from the red candle it forms a Gatley, but if you start it from the green one it forms a Bat. It`s confusing :)
InkyGrip
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@tudorache1987, Do you mean this candle?
tudorache1987
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@plancton0618, Yes. If you choose that candle, the AB leg will not reach the 61.8 Retracement and thus it becomes a Bat Pattern.
InkyGrip
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@tudorache1987, Yes, it's legit. I choose that candle because the impulse is very clear
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