This doesn't need too much explanation!! It's a simple continuation pattern, the market is returning to a previous resistant structure turned support so we could see a sharp move down before we go up due to the short term sell set up developing but after that just buy it!
I know I'm late posting this but maybe I wanted to test your reaction time!!! You've already missed out on a few pips but there's still meet on the table so take a plate and grab a seat because this is gonna be a good one!
I'm a little late posting this but better late than never, right? I didn't wanna eat all the food because there's plenty for all of us to share so i'm inviting you to the table to come dine with me on this one! I'm serving a bearish Bat Pattern just in case you're wondering!
We have a bullish bat pattern that has already completed so if you haven't already placed your trade, what are you waiting for? I've already shown you my analysis on this currency pair in my weekly video! Let's see if the market will give us what we expect.
We have what I call a conundrum here. We currently have a buy set up on H4, however, we also have a bearish cypher that will complete soon after we break out of the current buy set up. Now this market has been in a range for at least a month now and we are approaching the top end of the channel so there's a strong possibility that we might get a win on the bearish...
My long term view on Bitcoin is Upside, however we've been on consolidation on a lower time frame and that's why I think this is a good shorting opportunity. We are already getting a bearish divergence on the RSI on H1 so if the pattern completes and the RSI goes oversold then I will be shorting so let's see what happens