Bitcoin 4hr Bearish Gartley formed. Possible drop incoming.
Updated
Another Bearish Gartley formed from the drop of the one earlier this week.
This one is on the 4h and from a bearish drop, so we know it's legit. Unlike the last one in a tiny time frame, outside of swing patterns.
Double top on RSI with lower price. Volume shows divergence from price raise.
Projected price target - 7400-7500.
All feedback is appreciated.
Happy Trading.
-SJ
This one is on the 4h and from a bearish drop, so we know it's legit. Unlike the last one in a tiny time frame, outside of swing patterns.
Double top on RSI with lower price. Volume shows divergence from price raise.
Projected price target - 7400-7500.
All feedback is appreciated.
Happy Trading.
-SJ
Note
Uptrend line suggests the price will likely only go as low as 8k before a bounce. If that far.Unless we have a serious breakdown in volume.
Bloomberg warning of a death cross on TV constantly isn't helping.
Note
Well. Dump o'clock happened this morning again. Here we are, on the 300 EMA. Hanging on for dear life.Note
Almost there, by $100. Currently it's hitting the .618 fib as resistance.
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