Possible Gartley Pattern
Updated
The lengths of some of the triangles a little wonky but traced Fib levels relatively accurately to validate this Gartley Pattern(Bat i think??) Still learning!
Potential buy with a tight stop loss set.
Volume seems to be mostly sell side but hopefully we close the daily above the 200. Starting to show a twinkle of life.
I think the people who sold their Mt. Gox funds knew it would cause a downturn in the market and they will be buying back in soon. (Just my opinion)
Let me know your thoughts. I have a long ways to go in terms of TA. Thanks all.
@magicpoopcannon... your my inspiration hahaaha
Potential buy with a tight stop loss set.
Volume seems to be mostly sell side but hopefully we close the daily above the 200. Starting to show a twinkle of life.
I think the people who sold their Mt. Gox funds knew it would cause a downturn in the market and they will be buying back in soon. (Just my opinion)
Let me know your thoughts. I have a long ways to go in terms of TA. Thanks all.
@magicpoopcannon... your my inspiration hahaaha
Note
This is not trading advice at all but what I am doing is monitoring this down turn for potential bull signal. good luck everyone. It could very well dive bomb.... Excited about potential ETFs coming in the future which will be awesome for the whole crypto realm.
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