Bitcoin Price Thread
- Thread starter Magna
- Start date
Bat signal alert. Never really learned that tool. what are the anchor points one uses?
Here it is just showing the fib levels
Here it is with the lines
Here it is with the cypher tool.
Going by the coordinates it might not be valid because B passes .618, but I think as long as it doesn't pass .786 its ok, and C doesn't reach 1.27... but falls in the realm of close enough for me
Wishful thinking. At this point, 60K is pretty much in the cards.Here it is just showing the fib levels
View attachment 342321
Here it is with the lines
View attachment 342320
Here it is with the cypher tool.
View attachment 342323
Going by the coordinates it might not be valid because B passes .618, but I think as long as it doesn't pass .786 its ok, and C doesn't reach 1.27... but falls in the realm of close enough for me
This is the invalidation line for another leg up imo...it dipped its toes but still holding
It also aligns nicely with the cypher.
Dude, if this was the FIRST failed attempt, then I would agree it will reverse and go back up. But how many times have we crossed below your "invalidation line"? By now, that line is completely meaningless.This is the invalidation line for another leg up imo...it dipped its toes but still holding
Here it is just showing the fib levels
View attachment 342321
?
Here it is with the lines
View attachment 342320
Here it is with the cypher tool.
View attachment 342323
Going by the coordinates it might not be valid because B passes .618, but I think as long as it doesn't pass .786 its ok, and C doesn't reach 1.27... but falls in the realm of close enough for me
Gotcha. Never really looked into Gartley Patterns. Is there any top shelf books/reference material that go into them in depth?
This has good reviews.
The Gartley Trading Method: New Techniques To Profit from the Markets Most Powerful Formation: Beck, Ross, Pesavento, Larry: 9780470583548: Investments & Securities: Amazon Canada
This is Gartleys book for $2500
Profits in the Stock Market/With Charts: H. M. Gartley, Ross L. Beck: 9780939093076: Amazon.com: Books
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An associated name with expertise of Gartley Patterns is Larry Pesavento.
Note: there is some controversy surrounding Pesavento regarding "lifting" ideas. Not important imo. Meanwhile, Pesavento is widely recognized for his 40-50 years as a market participant. Harmonics.