JamesBrown
Long

BTCUSD Potential Long Opportunity in the Future (Deep Crab Pat.)

BITSTAMP:BTCUSD   Bitcoin / Dollar
1.) I show one recent harmonics pattern that has already completed within BTCUSD             on the 4 hour time-frame, and hit its targets - Scott Carney's version of the Gartley Pattern .

2.) I show a Deep Crab Pattern that is in formation, and yet to be violated, with descriptions for how to calculate the "potential reversal zone" (PRZ), from which to look for bullish price action to take 2 equally sized long positions (or one position that you will trade in two equal lots later on). I also provide the general stop-loss and targets for this set-up, with a few added pointers on how to make it a high probability trade.
Aggressive targets have an awesome reward/risk profile of 2.23 to 1 and 4.71 to 1, respectively. Conservative targets still have an attractive profile, taken together, at 1.7 to 1 and 2.77 to 1.
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