frupreneur
Long

BTCUSD Bullish Gartley

COINBASE:BTCUSD   Bitcoin / Dollar
Hey there guys, Bitcoin             just setup for a perfect Gartley . Plus its respecting the support/resistance around the 8000 psychological level. RSI also oversold!

Great confluences to get us on a good buy here guys.

WHAT YOU THINK?
==> I AGREE: Hit Thumbsup :)
==> OTHER THOUGHTS?: Kindly comment so we analyze together :)

DISCLAIMER:
Please note I am only providing my own trading information for your benefit and insight to my trading techniques,
you should do your own due diligence and not take this information as a trade signal.
Trade geschlossen: Stop wurde erreicht: Strong break through support. Bears getting the most of bitcoin. :(
The X-point is weak to be a valid starting point of a gartley, my friend:)
Antworten
frupreneur Alexander_Nikitin
@Alexander_Nikitin, Thanks for stopping by alex. Well yeah, I thought as much why you see me going through more supportive attachments like the "Supporticle resistance" and the RSI. Plus, notice I waited to see that hammer lose fully and a bullish responds before I published.
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frupreneur frupreneur
@Alexander_Nikitin, Curious though, would love to know what makes a valid X point in your opinion? Watched your MPS demonstrations and Boy! you are good!
Antworten
@frupreneur, A valid X is formed when the movement prior to XA is at least 1/3 of the XA. In this case, the downside pullback before XA should be 1/3 of XA. There are some other point for valid XA but this one is the most important.
Antworten
frupreneur Alexander_Nikitin
@Alexander_Nikitin, Thanks for the tip. That was lacking in my education. Need to read more i guess. Thanks again. Lets see how it all plays out, So what do you think really? this gartley's bullish move might just be called short at 38.2%(TP1)? Looking at my 50EMA converging around that level gives me the Skoobs too :)
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@frupreneur, Sure. I'd get out as soon as price shows first signs of bearish movements:)
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frupreneur Alexander_Nikitin
@Alexander_Nikitin, u were right pal. Bears strong on this one.
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@frupreneur, no signs of bulls yet:) Will attend my free webinar?
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