TradingView
lio.taillens
Aug 16, 2014 6:12 AM

*BTC* buying opportunity Long

Bitcoin / U.S. dollarBitstamp

Description

I've been keeping an eye on this bat pattern for a while now. Opening up a position at the 450 range with a TP at 593.77 - the 61.8 retracement - seems like a sound trading opportunity. We have some structure at the 450-430 level. RSI level shows oversold condition.
Comments
Ahmed-J
Nice one! Bats always gives good Risk/Reward ratios.
MoonTrader
But we're already way past the D point...
lio.taillens
Nope, not yet. The D point is at the 88.6 of XA
More