TradingView
UnknownUnicorn3121469
Jan 23, 2019 6:43 PM

bullish bat or bullish ALT bat Progression to pattern 

Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX

Description

If you count the peak of 1 wave rising for 4 hours, you can see 3616,
It seems that the current adjustment 1 wave is to be reduced to 3534 or to go further.

If you shoot again near 3600 and give 4 waves,
We can look forward to bullish bat or bullish ALT bat patterns.

Therefore, depending on the degree of downward pressure, you can expect a rebound from the downward point on the chart.

Close position when rebounding

If you break through a high point or make additional adjustments without taking a shot at around 3600, the analysis will be null and void.
More