Hello everyone, this is our renko view on btcusdt, enjoy!
How to read:
I don't think those bricks want to lie as they say it clear: no stops during the rally, no rally. The bearish scenario is playing out perfectly in here, so now price will be rejected by fib 2.618 (9150, DONE). Now is forming a red brick, which may state both a sell opp at 9.5k-10k to come or the unlucky event of a new bearish trend which would bring price down to 6000. W gartley is very bearish even on this type of chart. We may be at first impulse wave or at second correction wave, probably we're going down. Moving from greed positions.
Strategy:
If 2 red bricks are built (8133), then short it to the death.
If 1 red brick and 1 green brick are built (8811), then long on the King.
This is not a trading advice, stay tuned for more predictions. Anlvis.
P.s. chart layout was changed while posting, take it as it is.
How to read:
I don't think those bricks want to lie as they say it clear: no stops during the rally, no rally. The bearish scenario is playing out perfectly in here, so now price will be rejected by fib 2.618 (9150, DONE). Now is forming a red brick, which may state both a sell opp at 9.5k-10k to come or the unlucky event of a new bearish trend which would bring price down to 6000. W gartley is very bearish even on this type of chart. We may be at first impulse wave or at second correction wave, probably we're going down. Moving from greed positions.
Strategy:
If 2 red bricks are built (8133), then short it to the death.
If 1 red brick and 1 green brick are built (8811), then long on the King.
This is not a trading advice, stay tuned for more predictions. Anlvis.
P.s. chart layout was changed while posting, take it as it is.