I was just having a gander at this darn BTC chart and it hit me this is a perfect looking bearish gartley...
I'm not saying that it will react to this pattern.. but probably a good level to take some off the table in case it plays out!.
This pattern would call for a downturn after D with price falling somewhere between points B (9350) and A (8600). If we consider our trend line we can have a target around 9050.
Stay on your Toes!
I'm not saying that it will react to this pattern.. but probably a good level to take some off the table in case it plays out!.
This pattern would call for a downturn after D with price falling somewhere between points B (9350) and A (8600). If we consider our trend line we can have a target around 9050.
Stay on your Toes!
Note
Forming a tight triangle on the 5 min... expect volatility soon, up or down.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.