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Trader-Mick
Sep 21, 2018 5:54 AM

BEARISH BAT BEFORE THE BULL RUN Short

XRP / DollarBitfinex

Description

1) Price hitting the 200ema acting as strong resistance, look left structure is there, acting as another resistance, got rejected off the the structure and this is where a bearish bat pattern came into sight. I think after a strong bull run last week we are going to move down a bit or consolidate before the huge bull happens.
2) If we look below we see a W pattern. remember of the 2618 trade? We can again go long again! I will keep it posted soon.
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