Bitcoin has been consolidating in a tight range between $110K and $105K over the past two weeks. This weekend’s attempted breakout stalled out quickly! BTC was rejected at the Point of Control (POC) of the previous range and came close to the 0.786 retracement of the recent drop.
🧠 Reminder: Weekend pumps are notorious for being unreliable, especially without strong volume.
Now, the charts point toward something much more structured — a potential Gartley harmonic pattern forming, with multiple levels of confluence suggesting the next key decision zone is just around the corner.
🧩 Gartley Completion Zone: $106,290–$106,400
This price zone is loaded with confluence:
✅ 0.786 Fib retracement of the XA leg sits at $106,290
✅ 1.0 trend-based Fib extension of the BC leg is at $106,370
✅ Anchored VWAP from all-time high aligns precisely at $106,370
✅ VAL (Value Area Low) sits at the same level
✅ Imbalance (Fair Value Gap) from earlier price inefficiency lies in this exact region
All of this stacks up into a high-probability reaction zone.
🎓 Educational Insight: How to Trade a Gartley Harmonic
The Gartley pattern is one of the most powerful harmonic setups — a structured form of retracement and extension that captures exhaustion before reversals. Here's how it works:
🔹 XA: Impulse leg
🔹 AB: Retracement of 61.8% of XA
🔹 BC: Retraces 38.2%–88.6% of AB
🔹 CD: Extends to 78.6% retracement of XA and aligns with a 1.0–1.272 Fib extension of BC
🟢 Point D is the entry zone — your reversal opportunity.
📉 Stop-loss sits just below invalidation (Point X).
💰 Targets usually lie at 0.382 and 0.618 of the CD leg.
🔎 Why It Works: It traps late traders and captures price exhaustion at natural Fibonacci ratios. Combined with other tools — like VWAP, liquidity zones, and order flow — it becomes a high-conviction strategy. These patterns are most effective on higher timeframes like 4H or daily.
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🧠 Reminder: Weekend pumps are notorious for being unreliable, especially without strong volume.
Now, the charts point toward something much more structured — a potential Gartley harmonic pattern forming, with multiple levels of confluence suggesting the next key decision zone is just around the corner.
🧩 Gartley Completion Zone: $106,290–$106,400
This price zone is loaded with confluence:
✅ 0.786 Fib retracement of the XA leg sits at $106,290
✅ 1.0 trend-based Fib extension of the BC leg is at $106,370
✅ Anchored VWAP from all-time high aligns precisely at $106,370
✅ VAL (Value Area Low) sits at the same level
✅ Imbalance (Fair Value Gap) from earlier price inefficiency lies in this exact region
All of this stacks up into a high-probability reaction zone.
🎓 Educational Insight: How to Trade a Gartley Harmonic
The Gartley pattern is one of the most powerful harmonic setups — a structured form of retracement and extension that captures exhaustion before reversals. Here's how it works:
🔹 XA: Impulse leg
🔹 AB: Retracement of 61.8% of XA
🔹 BC: Retraces 38.2%–88.6% of AB
🔹 CD: Extends to 78.6% retracement of XA and aligns with a 1.0–1.272 Fib extension of BC
🟢 Point D is the entry zone — your reversal opportunity.
📉 Stop-loss sits just below invalidation (Point X).
💰 Targets usually lie at 0.382 and 0.618 of the CD leg.
🔎 Why It Works: It traps late traders and captures price exhaustion at natural Fibonacci ratios. Combined with other tools — like VWAP, liquidity zones, and order flow — it becomes a high-conviction strategy. These patterns are most effective on higher timeframes like 4H or daily.
_________________________________
💬 If you found this helpful, drop a like and comment!
Want breakdowns of other charts? Leave your requests below.
🏆 Mastering Fibonacci for precision trading
🔹 Sharing high-probability trade setups
⚡ Unlock the power of technical analysis!
🔹 Sharing high-probability trade setups
⚡ Unlock the power of technical analysis!
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🏆 Mastering Fibonacci for precision trading
🔹 Sharing high-probability trade setups
⚡ Unlock the power of technical analysis!
🔹 Sharing high-probability trade setups
⚡ Unlock the power of technical analysis!
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.