Bitcoin Price Thread

ANOTHER 1 BILLION FAKE FUGAZI TETHER DOLLARS HAVE JUST BEEN PRINTED!

 

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.

 

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.

 

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

 

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.