boyunayim

BTCUSD Forming Bat or Alternate Bat Pattern

Long
BITFINEX:BTCUSD   Bitcoin
BTCUSD 4 hour chart looks like forming Bat or Alternate Bat Pattern.
B point hit golden pot (0.500-0.618)
C point figured between 0.500 and 0.886
Those were good signals that indicated Bat or better Alternate Bat Pattern forming.
D points and possible Target levels are pointed for each scenerio.
Target levels settled for conservative option (0.382 Fib for each AD leg - second option give permission for 0.618)
D point will show up between 5th and 10th October. 2 weeks by now.

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