BTC Bear Gartley Short
BTC shows a bear gartley harmonic on the daily, or we can simply say the push to 66k was a fakeout.
Other than that, the price is still in a bull structure from the 60.6k bounce. The price hit the B point of the Gartley (or H4 order block of 63.7k - 64.2k) and couldn't hold above meaning, another test of 60.6k is likely.
If the market was bull, I wouldn't of expected another touch of 60.6k, so a break to the downside is very likely sending us to the next order block of 58.1k - 57.5k
Longer term bear market structure sends us to 53k... and after that we'll see.
TLDR; TP1 at 58k and TP2 at 53k
Stop if H4 close above 64.1k
Other than that, the price is still in a bull structure from the 60.6k bounce. The price hit the B point of the Gartley (or H4 order block of 63.7k - 64.2k) and couldn't hold above meaning, another test of 60.6k is likely.
If the market was bull, I wouldn't of expected another touch of 60.6k, so a break to the downside is very likely sending us to the next order block of 58.1k - 57.5k
Longer term bear market structure sends us to 53k... and after that we'll see.
TLDR; TP1 at 58k and TP2 at 53k
Stop if H4 close above 64.1k
Note
Same idea still in play but better entry from here.
Double top pattern from 66k if we stop here, sam TP apply.
Order cancelled
Invalidated
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