ninjabenja
Short

Bearish Bat Pattern forming, Bitstamp 60m chart

BITSTAMP:BTCUSD   Bitcoin / Dollar
85 0 0
As previously projected, price was not able to break the trend channel for a bullish reversal and we are now witnessing the decent to retest previous lows. The bat pattern has a D leg completion at .886 of the XA leg. This pattern usually has an extended CD leg which is a 1.27 extension of the AB - providing a favorable risk/reward entry.

PS. This is a BULLISH Batt pattern. Not a Bearish as the title indicates. :P
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out