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Gartley

BTCUSDT - Possible Bullish Gartley Harmonic12 Hour Time Frame UTC+1 Fib pulled from X to A with confluence on 0.618 and nPoc (s) at 22,500 to 22,650 for first impulse move. Looking at a retest at these values. Should this retest fail, that would probably invalidate the pattern. Should the pattern continue to play out, will be looking at resistance drawn from Fib pulled from A to B, 0.618 resistance or 0.888 typical Gartley Fib. Should the pattern continue to play out, will be looking at a retracement back to daily at 0.782 between X and D impulse. Will be looking for a bounce at 0.382 (or 0.5 not on chart) for momentum to the upside as well to the upside.
BINANCE:BTCUSD.P
by hmaroudas
1
XRPUSDT is inside a massive descending channelXRPUSDT has been creating a daily channel, indicating a period of consolidation and uncertainty in the market. However, after a bullish impulse, the market bounced off the 0.618 Fibonacci level, which is a common level of retracement in technical analysis. This retracement suggests that buyers are still interested in entering the market and that there is strong support at this level. Furthermore, if the market is able to grab new liquidity from the 0.37$ area and break out of the descending channel, it would signal a potential shift in market sentiment from bearish to bullish. If the market were to satisfy Plancton's Rules, which is a trading strategy that involves taking a long position when a market experiences a significant price increase, it could indicate that the market is gaining momentum and that there is strong bullish pressure in the market. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <= 1h structure. Follow the Shrimp 🦐
by InkyGrip
3