traintrack

XBTUSD BTCUSD 1ST BUYING PATTERN OF A NEW BULL MARKET?

Long
traintrack Updated   
BITFINEX:BTCUSD   Bitcoin
In H M Gartleys book his golden rule was to buy the first AB=CD correction in a new trend. BTC made nice gartley here so it "has" to be bought

if it fails will head down to form at least a butterfly at 1.1272
Trade active:
maybe BTC hasn't read the book? close to being stopped out here, will see in the morning.
Trade active:
look at previous retrace in this downleg, should get similar here

Trade active:
very weak price action - falls almost 3000 $ it can barely muster a 600 point retrace, let alone a .382 dead cat bounce level
not much interest in either buyers or sellers, such small volumes and market cap, pointless to trade

if 720 area doesn't hold then the higher low will probably get taken out pretty quickly and down to the 4xxx. Suck a few buyers in and then 1000K area
Trade closed: target reached:
order triggered to closed all at 382
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.