DanLaffas
Long

Potential Bat Forming - H4 Bitfinex

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
I've taken a long position with the C point entering my target range of 0.786-0.886 of AB leg (entry at 310.50). A short stop loss is set below point A (306) at which point the pattern would be invalid, and profit target is at the anticipated point D which is set at 0.886 of the XA leg (334).

Comments

Well the Bat pattern failed at C but is now looking like we have a Cypher forming - provided our current low holds.
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