What Is the Gartley Pattern?
The Gartley pattern is a harmonic chart pattern, based on Fibonacci numbers and ratios, that helps traders identify reaction highs and lows. In his book Profits in the Stock Market, H.M. Gartley laid down the foundation for harmonic chart patterns in 1935. The Gartley pattern is the most commonly used harmonic chart pattern. Larry...
What Is the Gartley Pattern?
The Gartley pattern is a harmonic chart pattern, based on Fibonacci numbers and ratios, that helps traders identify reaction highs and lows. In his book Profits in the Stock Market, H.M. Gartley laid down the foundation for harmonic chart patterns in 1935. The Gartley pattern is the most commonly used harmonic chart pattern. Larry...
However, Bitcoin manages to rise back up again, thanks to the dedicated community supporting Bitcoin. It's highly likely Bitcoin will rise up in price soon. Many people on Reddit are taking this opportunity to buy up Bitcoin at cheaper rates, as they strongly believe Bitcoin could reach $100,000 price in 2021.
Bitcoin's price fluctuates for various reasons, including media coverage, speculation, and availability. ... As more institutions adopt bitcoin as an investment and medium of exchange, its price increases. Also, many people have eroded confidence in their fiat currency and seek alternative sources to store their money.
Traders are waiting for the next catalyst to break Bitcoin from a $30,000 to $40,000 range that’s been in place since a decline from a record of almost $65,000 in April. Public criticism of the digital currency’s energy needs by tycoon Elon Musk and a Chinese regulatory crackdown are among obstacles. Bulls got a bit of a lift Wednesday after El Salvador made...
