farhadnmd

Bearish Crab Pattern in a bullish way

Long
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Bitcoin has been doing bullish since the last week and now it formed a bearish crab pattern near the $11.5K which can lead bitcoin to break $11.5K resistance. So it has a potential bullish effect at this point IMO.
Trade active: As I expected this bearish crab made bitcoin to cross $11.5K resistance and nowit's ready for retest and shooting into $12K channel
Trade active: Retest approved. Just hit $11.7K and now we have a retest in $11.5K and there we go for $12K

Comments

pls check point A.. is it true point or not?
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farhadnmd KHRYSOPELEA
@KHRYSOPELEA, Yeah, the shadow under point A is a stop hunting move in my opinion so I ignored it!
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