Bitcoin formed a Bearish Gartley. Likely going down further. för BITFINEX:BTCUSD av saadcrates

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I noticed this last night, but... since we're in limbo right now, I figured it would be a good pattern to point out.

Point B retraced perfectly to the .618 fib level from the X-A move.

Point D retraced .786 from the XA move.

By all sound principles, this is a Bearish Gartley. And we should be on the way further down.

Remember, patterns are not laws. Anything can happen. Keep your stop losses tight.

Careful out there.

-SJ

P.S. - here's information about confirming the Bearish Gartley

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