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Mikephicc
Aug 3, 2018 12:41 AM

Bullish bat pattern just about to be executed on Bitcoin Long

Bitcoin / U.S. dollarBitstamp

Description

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!
Comments
Braulio789
ICE/NYSE news might actually make this scenario play out. I bought in too last night/this am

Starbucks involvement should not be overlooked. They were first to bring the mobile payment app to us masses. They might do the same for crypto. Amazing
Mikephicc
@Braulio789 as you can see good news affect very little. It’s all about price action until some sort of event comes to be AMAZINGLY big. It is yet to confirm if BTC is going down on a bigger pullback than expected! $ 6,800 looks like a logical move now.
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