BTC Bear Gartley Short 
2024-10-08

BTC shows a bear gartley harmonic on the daily, or we can simply say the push to 66k was a fakeout.

Other than that, the price is still in a bull structure from the 60.6k bounce. The price hit the B point of the Gartley (or H4 order block of 63.7k - 64.2k) and couldn't hold above meaning, another test of 60.6k is likely.

If the market was bull, I wouldn't of expected another touch of 60.6k, so a break to the downside is very likely sending us to the next order block of 58.1k - 57.5k

Longer term bear market structure sends us to 53k... and after that we'll see.


TLDR; TP1 at 58k and TP2 at 53k
Stop if H4 close above 64.1k