Short

Bearish Gartley on Bitcoin 1H

Updated

BTC completed a bearish gartley on the 1H and looking to take 1st target at 38.2 retracement and 2nd target at 61.8 level.

Reason for entry:
Bearish Gartley Pattern
Bearish Divergence on RSI
Price rejection at the top of Bolinger Bands

Trade active

Stop loss for this trade at 1.31 ext from X to A

Second chance entry:
Double top
Bearish Divergence on RSI

Trade active

Both targets hit. Leaving 10% of initial lot with trailing stop

Note

Stop loss was meant to be 1.13 not 1.31

Note

snapshot

Note

Fib retracement levels were taken from leg A of Gartley to the highest point of the D leg.

Also on:

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