MagnusTradingGroup
Long

[ BITSTAMP ] - Bullish Butterfly

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Take this trade if comming candles are closing above 446 ( 1.272 extension of XA ) or are atleast not going lower than 442.
We are at a major support level here so a bounce is not unlikely anyway.
RSI extremely low aswell.
Target : 470

All in all a setup worth watching.

Comments

bullish-butterfly-turned-bearish-fly :D
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ups :)
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so, should we wait little longer or buy now. Can anyone tell me that please. Thank you.
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wait for breakout to the top if you want to buy
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HmPolash MagnusTradingGroup
Thank you for your advise.
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Totally agree
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I played this. Looks like it's working out so far! I'll short again from 470+
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Is D not supposed to be between X and A for this pattern to be valid?
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LifeIsABullTrap LifeIsABullTrap
Scuse me, i was confused with Gartley.
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Let's see what China thinks of that. Last Bitstamp low is 443.5
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