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KarYong
Jan 18, 2018 6:41 AM

Bitcoin turning on a Bat? Long

Bitcoin / U.S. dollarBitstamp

Description

Isn't it interesting to see how many traders REACT to the market instead of RESPONDING?

As a trader, we should always respond and NOT react. And in order to achieve that, we need to always have a plan and prepare for the various scenarios before the market even happen. Yes, VISUALISATION is important :)

Coming back to the chart, we might see a Bat completion around $7,150 area in confluence with a one-to-one harmonic move.

Disclaimer again that I personally feel that this crypto-craze is causing huge volatility in the market, and thus not an ideal asset/market for me to be trading in.

Do make sure you have a proper plan and risk management in trading such volatile market.
Comments
TradingStatistics
Totally agree. Nice setup. Nice point of view.
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