Bitcoin Bat Pattern! Long

Bitcoin / U.S. dollarBitstamp

Description

⋅ Dec 1, 2017 6:48 PM

Waiting for BTCUSD batpattern confirmation. Price might break it's current support trend line (aggressive traders) in a couple of days, and move to second support trend line (moderate traders).
Additionally, bollingerbands indicator reveals a M formation, which support previous analysis.

BuyNear: 8350 (support trend line )

Take Profit Levels depending of your risk profile:

TakeProfit (Conservative): 9.300
TakeProfit(Moderate): 9.800
TakeProfit (Aggresive): 10.500

If you find this analysis helpful, don´t forget to like and comment! :)

Comments

cardan6006

⋅ Dec 2, 2017 12:25 PM

I pray that this chart is real, many see further upward movement12k+

Monstar

⋅ Dec 1, 2017 8:51 PM

Sweat drops while waiting for the correction that might never happen, good job on the analysis tho. :)

Juanchobanano

⋅ Dec 2, 2017 1:52 AM

Thanks @Monstar, apparently BTCUSD is going to continue in agressive traders trend line for a while :(

hasson

⋅ Dec 1, 2017 7:08 PM

80% of tradingview comunity is talking of a correction.

I also think it will correct.

Juanchobanano

⋅ Dec 1, 2017 7:24 PM

@hasson, This make sense since current trend line is untenable, however, everything can happen, especially with BTCUSD.

friedrice683

⋅ Dec 1, 2017 7:32 PM

@Juanchobanano, ok so this is a bullish bat pattern, rather than a bearish bat?

Juanchobanano

⋅ Dec 1, 2017 7:50 PM

@friedrice683, That's right :)

friedrice683

⋅ Dec 1, 2017 7:03 PM

I thought with a bearish harmonic pattern, you connect points high to high to high, whereas you have high to low to high?

Juanchobanano

⋅ Dec 1, 2017 7:11 PM

Thanks for your comment @friedrice683, where you will find the bearish harmonic pattern analysis I'm currently using: youtube.com/watch?v=uHLmYNVm8Uw&t=188s

Heglyn

⋅ Dec 1, 2017 6:55 PM

@Juanchobanano, I think is cup an handle pattern = Inverted H&S