Gartley pattern failed with PIVX, but butterfly keeps me hopeful

As with PINK, the Gartley pattern we found with PIVX hit the stop-loss levels for those trades, but I was able to find near-perfect butterfly patterns in both cases after adjusting primarly just the X and D points of the Gartley patterns. Bitcoin -3.42% has hit a somewhat signficant 1.27 extension level, and I'm still hopeful of a triple bottom playing out based on a number of factors. Unless it breaks below $5900 I'll stay as optimistic as possible.

Commentaire:

it looks like it failed, but point D should have been lower anwyay. I was biased and hopeful and in disbelief that it was hanging out as low as it was, let alone down here. This pattern is still valid at least until it break the most recent lows, which it hopefully won't.