OkyPaavo

A big bearish Gartley forming?

BITFINEX:BTCUSD   Bitcoin

Just had this idea of big bearish Gartley forming. 4h Rsi bouncing off of short term trend line towards upper downtrend rsi line. 4h Macd heading towards trend line to touch the Macd-spike downtrend line on log chart (8100-8300).

This would make a very big bearish Gartley pattern, which would lead to a big drop under 6k (I´m thinking it could possibly go as low as 3850)

There could be a nice opportunity to take a long position from under 6900, and eventually close it above 8k to start to build a big short position.


But what do I know?

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