Gartley Pattern Says Sell BITCOIN?!
Updated
As it was indicated in my previous BTC analysis, the price went up and then formed a shooting star candlestick, which is a reversal bar. There is a structure level at 10127, which acts as resistance level. However, it seems the price already started to go down, as the sellers momentum already there. Moreover, the BTC formed a Gartley pattern that reached a reversal 127% Fibonacci extension. From this analysis, it is expected that the BTC price will go down and Gartley pattern provides the levels for entry and exit.
T1 - 38.2%
T2 - 61.8%
- Follow & Comment -
T1 - 38.2%
T2 - 61.8%
- Follow & Comment -
Note
T1 was hit - strong bearish barNote
T2 was hit too
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