Potential Bullish Gartley printing out for BTC/USD
Fibonacci retracement levels put B just past .618,
yet not touching .786 which would invalidate it
C is in the appropriate range for validating the top of
the right wing by not going above the A impulse
The Fibonacci extension from A to B places the 1.272 range
too far from the .786 retracement for me to believe
we'll make a move back up as soon as we touch $8,830
Hence why the potential entry point is set at ~$8510
where (approximately) I believe the Gartley will complete
its formation, slightly increasing R/R as well
Stop set tight below X
First target is C
Fibonacci retracement levels put B just past .618,
yet not touching .786 which would invalidate it
C is in the appropriate range for validating the top of
the right wing by not going above the A impulse
The Fibonacci extension from A to B places the 1.272 range
too far from the .786 retracement for me to believe
we'll make a move back up as soon as we touch $8,830
Hence why the potential entry point is set at ~$8510
where (approximately) I believe the Gartley will complete
its formation, slightly increasing R/R as well
Stop set tight below X
First target is C
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.