BitcoinShort
$XBT potential Bearish Gartley.. it's that time again!
Oh yea baby, you know I love these bad boys. The only pattern I trade off of being a ShortMex boy.
Bartley invalidated if C is failed. Room for a move to the C>D to validate Bartley.
Trading Plan is
Open Short Position at D, Set Stop Loss at X. High Leverage Positions have & will get rekt. I've traded 5 Bartleys this year, all have been profitable. The stop loss has saved tens of thousands of dollars in potential losses.
Taking profit levels on Daily Open/Close levels that are labeled on the chart (Horizontal Lines for the newbies)
Generally the previous Bartleys have leftXBT at the inverse 1.618 of the A>D where it found support (generally around the yearly low volume profile)
Not Financial Advice?
(Previous comments have been an argument about retracements not being textbook. I've traded some that are down to .001 accuracy, and some that are ~.02 off on the retracement levels for the pattern. The most textobok bartley I ever traded ended up hitting the stop loss, then continued to where the inverse 1.618 was before finding support.)
Bartley invalidated if C is failed. Room for a move to the C>D to validate Bartley.
Trading Plan is
Open Short Position at D, Set Stop Loss at X. High Leverage Positions have & will get rekt. I've traded 5 Bartleys this year, all have been profitable. The stop loss has saved tens of thousands of dollars in potential losses.
Taking profit levels on Daily Open/Close levels that are labeled on the chart (Horizontal Lines for the newbies)
Generally the previous Bartleys have left
XBT at the inverse 1.618 of the A>D where it found support (generally around the yearly low volume profile)Not Financial Advice?
(Previous comments have been an argument about retracements not being textbook. I've traded some that are down to .001 accuracy, and some that are ~.02 off on the retracement levels for the pattern. The most textobok bartley I ever traded ended up hitting the stop loss, then continued to where the inverse 1.618 was before finding support.)
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