jlugog

BTC a bit of correction

Short
BITFINEX:BTCUSD   Bitcoin
High TF, continues showing a bit of bullish behavior, however, oscillators are blinking in yellow about the lack of confidence and some accumulation. On green we have a Bullish Bat pattern, the price is going down around $13,315 on D point or a bit less and then we will have a pull back to $15,700 or so, I see some resistance forming on $15,800-$16,200 this last is the level I was expecting. If the Bat pattern doesn't fulfill, then we could have some throw back to inferior levels. EMA cross is projecting less buying intention same as price action (I love that oscillator, by the way I coded it)

Stay tuned and trade safe folks.

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