Art_of_Trading

BITCOIN Analysis: Structure + Bat Pattern = High Probality

Short
BITFINEX:BTCUSD   Bitcoin
The BTC price moves sideways at weekend, which creates a great opportunities for harmonic pattern traders. The market found two key zones at 9400 and 8400 area; they act as support and resistance. The price respected the resistance level few times and it more likely it will do again. The price already bounced back and we see sellers get control the momentum last few hours.

Moreover, the BTC formed a bat pattern that gives the exact levels for entry and exit.
Target 1 – 38.2%
Target 2 – 61.8%

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