BTCUSD - Bearish Gartley pattern forming - Long to D then short

Long

Bitcoin (BITSTAMP:BTCUSD)

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BITSTAMP:BTCUSD Bitcoin

harmonicpatterns bearishgartley bitcoin btcusd

BTCUSD

I previously posted a similar idea, I have now updated the position of C and feel more confident that price will rise to D before reversing on completion of the Gartley pattern. I am publishing this as a long trade, and the TP recommended is at D price level. I will update or add a separate idea to detail the short trade that I will favour if the Gartley pattern completes.

Kommentar:

Heading towards the plotted reversal point at D today... will watch for a reversal there before going short.

Kommentar:

D needs shifting to the right a bit but this is looking better and better. I will publish an idea for the related short position also.

Kommentar:

Hanging around the 17000 mark at the moment. Still looking good to achieve the target at D

Kommentar:

Losing confidence it will make it to D. Will put a stop loss at 15250 and let it run

Trade wurde manuell geschlossen:

Profit taken at SL 15250