Mikephicc

Bullish bat pattern just about to be executed on Bitcoin

Long
Mikephicc Updated   
BITSTAMP:BTCUSD   Bitcoin
Ready to be executed at the 0.886
Fibonacci retracement levels from C (100.0 %) to D (0.0 %) will give us the first target at the 38.2 % (PT 1), B point (PT 2) and at 61.8 % (PT 3).
Trade active:
Order executed.
Comment:
At the moment we are up $ 130 on this trade. You can see that price even went down to touch a massive monthly bearish trendline and even got support at the 50 EMAverage. Slightly divergence on the RSI too !
Trade closed: stop reached:
SL reached at 4 pm today, impressive move down to 7K which may continue until 6.8 K throughout the weekend. Thanks for following up, good and safe trades everyone!

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