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IamNomad
Jun 5, 2015 2:50 AM

possible bearish bat on 2W 

Bitcoin / DollarBitfinex

Description

slightly imperfect bearish bat 2week finex and stamp charts

this puts the low 216-218 range in the current 2 week period 5/25 - 6/8
and places the high high ~282 -285 in the 6/22 - 7/6 time frame.

216-218 seems to line up with current OTE long.
280ish seems to line up with the OTE short from the 300 movement.

This bat also seems to line up with the current estimated completion of the triangle 2015 low and high.(chart linked)
As well as a potential target for 3d and 1w bband completion.

a firm break of 216 in the current candle would invalidate this pattern.
Comments
IamNomad
so this worked.
IamNomad
2 week bearish bat still in play -- closes 6/20 - 285(ish) target
IamNomad
if we break 260 in this 2 week candle, this is on track.
IamNomad
still on track. didnt break 216 before 6/8
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