Bearish Gartley on Bitcoin 1H

BTC completed a bearish gartley on the 1H and looking to take 1st target at 38.2 retracement and 2nd target at 61.8 level.

Reason for entry:
Bearish Gartley Pattern
Bearish Divergence on RSI
Price rejection at the top of Bolinger Bands

Handel aktiv:

Stop loss for this trade at 1.31 ext from X to A

Second chance entry:
Double top
Bearish Divergence on RSI

Handel aktiv:

Both targets hit. Leaving 10% of initial lot with trailing stop

Kommentera:

Stop loss was meant to be 1.13 not 1.31

Kommentera:

Kommentera:

Fib retracement levels were taken from leg A of Gartley to the highest point of the D leg.