(2h) Bearish Bat // IF=THEN ®

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar

Below previous support, now resistance, IF the price breaks up, it can forge this pattern;
At the same time, the price is being rejected at previous support, giving signs of one potential downward move, or a trend continuation...

Point B:
38.2% to 50% XA
Point C:
38.2% to 88.6% AB
Point D:
88.6% XA
TP1 38.2% AD
TP2 61.8% AD

Safe Trades;


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