Bearish Gartley
Bearish Gartley on Bitcoin 30 minI'm not sure if this pattern works in such a small time frame.
But the retracement is perfect.
.618 on the midpoint from the initial drop...
.786 on the end point from the drop.
... so if this usage is correct.... we're going down.
But like I said. Very small time frame.
So let's see.
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Gold Gartley bear!? 1 Hour, Head & shoulder.Hello, here we will wait and see on the D point will reach.
The D point will complete on 1328.68
Targets 1: 1322.29
Target 2: 1318.36
Stop loss: 1334.88
1:1 trade.
Let' wait for the D leg, and see where we go.
Market just need to get a Little more push up, and we will go Down .
Gold, XAUUSD, Gartley Bear , head & shoulder formation? 1Hour.We got a head and a shoulder formation.
Now we move into a gartley formation, we just need to the D point on : 1325.652.
Targets 1 : 1319.059
Targets 2: 1317.501.
Rsi, was oversolgt, and now will move up.
Gartley bullish on the weekley time frame.
We must not go over 1376.380, when it will be unconfirmed.
GBPUSD, Gartley long & short. ? DailyHello. Hope u all have a great weekend.
This week, ill look on the Dailey time frame.
Ill look for the D point on the BIG green on : 1.35353. Long
Target 1: 1.38465.
Target 2: 1.40345.
Stop loss: 1.32616.
On the small blue, ill look for the D point on : 1.39933 Short
Target 1: 1.38869
Target 2: 1.38200
Stop loss: 1.40825
DGDBTC - RIsing wedge into a Gartley/Bear TriangleRising wedge already occurred.
Currently running up the D leg of the XABCD bearish Gartley, multiple contact points hit for the descending triangle.
Bullish indicators
Entry: now
Stop loss: tight
Target: D or descending triangle impending break out or break down
There is no shorting available on Binance so I do not have interest in further drop targets. With Gartley patterns, targets are within the range of A and B, so a reversal may be seen right after the .618 target.
DANGERZONEAnother chart for BTC !
We've seen some steady growth since the last major dip for BTC .
I know when I am defeated but let's just say I did not expect this 2 weeks ago when I made my previous analysis.
It seems that I have failed to see the wave forming into a bigger elliott wave, and what we were seeing from my last post was the tip of wave 1.
We are in what is seemingly a wave 5 that followed a very long and dragged on wave 3, OR we are possibly riding a very huge correction wave B.
To critically analyze where we may be headed I decided to scroll in and find any bullish or bearish signals and voila, a perfect gartley pattern appears, forming a textbook scenario bearish gartley.
We can see that the recent movement peaked out at ~$11255 which just happens to lie just under the 38.2% retracement to the ATH value of BTC .
Everything else on top of the recent movement which just can't seem to go above this level is just way too many short term bearish signals that I cannot ignore.
Given how extended and the relatively small slope Wave 3 gave us, it may be throwing us into a confused bullish mindset. At times like this it's important to focus on the raw chart data and see what small micromovement is brewing inside to support a much bigger trend. I expect this confused bullishness to drag on until we hit the next major support which now sits at around $11400 at this pace.
If a reversal still hasn't happened then, be sure to watch out for one at this area.
Some may say I'm missing out but I'd rather miss the bus and take a taxi later than ride the wrong bus.
Another Day - Another Bearish Gartley on BitcoinWe need to cross 11250 to confirm the start of wave 5 of an up trend but Bears are seriously pushing back. We will need a pump with high volume to breach this level.
For now, we are still correcting in wave 4 and we have some sort of a flat ABC wave structure. The correction is not complete yet - expect another leg down to C, wave C = 100% of wave A
And we're in an up channel that is sort of a bear flag. Another reason to go short.
Another 0.618 Bearish Gartley predicts a down move to at least 0.618 of CD (10575) (B breached, D triggered -> move to C is anticipated)
We are also oversold on RSI M15 and there's a bearish divergence on RSI M5 all predicting a possible move down.
Good Luck!
Please don't trade based only on my analysis. This is not a financial advice, I'm not responsible for possible losses.
Crypto Bear Gartley OPPCrypto bubble: Consolidation. That is what it means. During these consolidating(bubble) times, advanced patterns form; increasing the chance of a successful trade set up. RSI shows that there may be some more bullish momentum and retracements before this Bear Gartley is completely filled. I take profit at structural support levels.