DanLaffas
Long

Crab completed - looking for retracement to enter long position

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
We've had a Crab pattern (grey pattern) complete nicely at the 293 level. I'm looking for a retracement to the 0.618 area around 255-260 before moving higher to the 300-330 region.

We also had a Bat pattern completion (just short of the 0.886XA but I'm counting it anyway as most would shadow the level rather than aim for a direct hit) which resulted in a 0.50 retracement of the the CD leg before moving higher to the Crab completion.

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