BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
The market retraced precisely to 61.8% which was at $11,132 - I now anticipate a push towards $17,415 - which is 61.8 retracment of corrective wave. (IF bulls weaken at this area it may reverse and expose itself to a potential Gartley pattern - will be updating)

Market pushed through down trend and now is moving steadily towards resistance $17,570
How did you get $17415? Whats your fib high low?
EJSM entropy35
@entropy35, After analyzing the initial analysis it seems as through the $17,415 was an estimated range as there is a resistance level at that price range ($17,464) Additionally I was anticipating the market to weaken at this point because of a potential Gartley pattern, to find this out we take fibs of wave A-B. (A= $20,123.00 & B=$10,962.00) The 61.8 RT level lies at $16,622.

$17,415 was simply a number to gauge price action prediction.

Hope this helped!

@EJSM, Thanks, yeah i was waiting for C to actually reach 0.786 fib. Otherwise its not a bearish gartley. Unfortunately it reversed before.
DE Deutsch
EN English
EN English (UK)
EN English (IN)
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Startseite Aktien-Screener Forex-Screener Krypto-Screener Wirtschaftskalender So funktioniert es! Chartmerkmale Hausregeln Moderatoren Webseite & Brokerlösungen Widgets Stock Charting Bibliothek Feature-Anfrage Blog & Nachrichten FAQ - Häufige Fragen & Antworten Hilfe & Wiki Twitter
Profil Profileinstellungen Konto und Abrechnung Meine Support Tickets Support kontaktieren Veröffentlichte Ideen Followers Ich folge Private Nachrichten Chat Abmelden