AdamIdris

BTCUSD - Consolidating & Entry Plan

AdamIdris Updated   
BITSTAMP:BTCUSD   Bitcoin
Current situation:
I can see two patterns in H1 chart. Triangle and harmonic pattern. I don't know what is the name for that pattern but I use 78.6% at target for Point D.
Short Term Trend: Consolidate
Mid Term Trend: Bullish

Trade Plan:
Go long if break triangle. Possible pattern if not break triangle is TRIPLE TOP.
Get ready to long when it reach Point D of harmonic pattern.
Put SL is a must for good MM.
Comment:
As BTCUSD breakdown the triangle. Triangle pattern is invalid now.
As suggested by @Menhdez, the pattern is bat. So the latest chart is as follows:


Happy trading.
Comment:
Pattern Update :
Possibility to become Gartley.
Bitcoin move in channel. Possible to breakout.

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