BTCUSD - Bearish Gartley Continuation Scenario
In order for BTC to have a significant bull rally, one or more of these conditions have to be met:
a) positive FA catalyst
b) long capitulation, short increase (Finex alone has 5k longs between AC; shorts have been oscillating between 10-12k)
c) low IQ plebs who have been fomoing into shitcoins get baptized in blood
On the TA-side:
a) Price needs to break above 4hr 50/200 EMA death-cross (see July correction fractal)
b) 71.8% retracement from the recent high/low
a) positive FA catalyst
b) long capitulation, short increase (Finex alone has 5k longs between AC; shorts have been oscillating between 10-12k)
c) low IQ plebs who have been fomoing into shitcoins get baptized in blood
On the TA-side:
a) Price needs to break above 4hr 50/200 EMA death-cross (see July correction fractal)
b) 71.8% retracement from the recent high/low
Trade active
Target 1 reached. Still has room to go down.Trade active
Target 2 reached. Closed %50 position.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.