dasBoot

finding the reversal zone, planning is key

Long
dasBoot Updated   
BITSTAMP:BTCUSD   Bitcoin
As much as some of these predictive tools are speculative, we have to remember we hedge speculation with speculation in an effort to remove speculation.

Basically, we cannot, I have to stress this for my own sanity, We cannot trade blind. I'm not a professional and I try to do my due diligence when analyzing price movement and trying to establish my own TA, it is part and parcel to why I use these little blogs to keep track of where I was, what I was thinking and whether I was correct, and more importantly, why.


We have what appears to be a Gartley Harmonic Pattern starting to esrablish itself indicating a bullish reversal coming early to mid next week if price continues its slow downward movement.

BTCUSD
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looks like the gartly was bearish
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if we cant hold the reversal zone , next stop 60k , otherwise were going to have resistance now that we are outside the ascending channel
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