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Bullish Gartley

Bitcoin Completes Bullish Gartley - Bitcoin! (BTC)Hello Traders. Looking to the H12 on the right, we see that Bitcoin has completed a nearly flawless Bullish Gartley pattern. Created in 1935 by H.M. Gartley, this is one of my favorite harmonic patterns as it is based heavily on Fibonacci. The Bullish Gartley consists of 4 trends in total, using Fibonacci to indicate trend reversals by analyzing swing highs and lows on the macro time frames. Gartley referred to this pattern as one of his favorites as well. The XA wave, being the impulse wave that is analyzed, in this case indicating a strong continuation of the recent trend. These patterns are very specific and require Fibonacci retracements/extensions that are precise. There isn't much else to say. I would recommend reading up on this pattern. Traditional targets are the low of the AB swing (already hit), the high of the BC swing ($13k), and the 127% - 161.8% ext of the total length of the AD measurement ($18K). At the very least I expect a retest of $13k. If broken, it's likely that parabola will recommence as the King of Crypto pushes for $18k. This could take some time. To assist with an estimation of when we could expect these targets, I have included Fib time zones based on the original wave measured (XA). That would give us another swing high somewhere around 19 AUG 2019 to 28 SEP 2019 . Good luck, traders!
BITSTAMP:BTCUSDLong
by vox-populi
12
BTC - PrincipiumOn the 26th of July, BTC will find itself at crossroads and be left with the very difficult decision to make, namely, Up? or Down? For now, BTC hangs tight between two inclining support/resistance as indicated in the chart. It also finds itself inside an expanding wedge pushing it further down towards the support trendlines indicated by thick green and red lines. As we approach the 26th, the following could play out, and the chart should help you not to get stuck in the wrong direction. BTC could stay between the inclining trendlines in red and blue until the 26th with volume decreasing to its bare minimum. In this case, on the 26th, BTC could drop dead into the cloud, violating it in a very bad way. If that happens, more pain will follow. The expanding wedge could push BTC towards the first thick green support starting tomorrow. In this case, BTC should not violate the support and take off on the 26th, namely on the journey to ATH. If BTC violates the thick green support trendline in the coming days and goes towards the thick red trendline, the chances of it holding up are quite slim. If there is a strong pullback with increasing volume on the 24th or 25th of July , without violating into the cloud, chances are it might continue up. That would be the completion of the Bullish Gartley. Very Important is that the cloud should not be violated, no matter what. If it is violated and BTC still goes up, that will be your bull trap scenario. To play with the minds of the traders, there will be wicks in both directions, tricking them to follow in the opposite direction. Be clever and utilize this. If you are trading, make sure you take the help of my chart, and also analyze on your own before you make an entry into market. For me personally the range between 9200 and 11500 is a no trade zone, if you understand the risks of it! There are enough trades for everyone, so don't FOMO! Peace!
BITFINEX:BTCUSD
by TulpenFieber
2
EOS/USD "Double bottom" EOS is in the process of forming the reversal pattern “Double bottom”, also on the ris we see a bullish diverter, on the whole level 5.7 is a powerful support, and in case of a breakdown we will see 0.5 total growth of $ 4.9 Growth goals are understood, the first is resistance at $ 6.34, and then 0.618 Fib 6.89. The volumes on bearish candlesticks closer to the support level are elevated, the bulls do not want to pass the level, and will fight. Paired to the cue ball, we also came to the support zone, however, we haven’t yet seen a bright bullish reaction, we are hanging over the precipice, and perhaps we will see a false breakdown like it was on LTC. In any case, the situation in the EOS / BTC pair allows us to work out a double bottom. In general, the situation with altas is a little good, in the light of the last decline of bati, they didn’t turn red so much, and some paired up with BTC even grew, the Bitcoin domination chart shows bearish diverters and reversal candlestick patterns.
BITFINEX:EOSUSDLong
by IgorPorokh
3
FETUSDT Bullish Gartley patternFETUSDT is printing a very accurate Gartley Pattern. AB is perfectly touching .618 level and also BC is finely in between .782 and 1. Most probablt D will be formed near 1241 as 1.2 and .782 are co inciding at 1241. So, Best entry will between 1241 -1150. Stoploss would be safer below X that is, 898 (-30%) Targets are Target 1 - 1591 (21%) Target 2 - 2023 (38%) Target 3 - 2283 (45%) Target 4 - 2715 (54%) Find me :- Telegram - GTCGoodTradeCalls
Long
by Good_Trading_Calls
3
PPT scenariosPPT looks good on higher time-frames - Moving averages are ready on bullrun. In the chart you can see Bullish Gartley pattern with Potential Reversal Zone between 1340. and 1353. sats., price can bounce from this zone quickly so you can watch for good entry. Targets for Gartley pattern are in the chart - orange boxes within bearish channel. You can buy some PPT now and place limit orders into the green box below the chart - it´s very strong support zone and there´s a trendline. Good luck.
PLong
by HarmonicParadise