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BTCUSD - Bearish Gartley Continuation Scenario

BITFINEX:BTCUSD   Bitcoin / Dolar
In order for BTC to have a significant bull rally, one or more of these conditions have to be met:

a) positive FA catalyst
b) long capitulation, short increase (Finex alone has 5k longs between AC ; shorts have been oscillating between 10-12k)
c) low IQ plebs who have been fomoing into shitcoins get baptized in blood

On the TA-side:
a) Price needs to break above 4hr 50/200 EMA death-cross (see July correction fractal )
b) 71.8% retracement from the recent high/low

Dagangan aktif: Target 1 reached. Still has room to go down.
Dagangan aktif: Target 2 reached. Closed %50 position.
Agree.
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