What we have here are 2 possible scenarios. BAT/Cypher The Cypher Pattern play's out @ 0.01 and the BAT pattern @ 0.06 For them to be valid we need: BAT: push to at least 0.0244 Cypher: push to at least: 0.0285 Remember: You could play the short off 244-245 to leg D (or 285 for cypher), but the trade only becomes active if we hit the 886 Target @ 0.06 or the 764...
We might get the bounce to 244 after all (the next leg in the Huge Bat idea) tight SL below the tweezers @ 0.0170.
I like the idea of BuyBitcoins a lot which has the same target as the forming BAT Remember: You could play the short off 244-245 to leg D, but the trade BAT trade only becomes active if we hit the 886 Target @ 0.06 Entry: 0.06 SL: 0.05 TP: 0.018 Let's see hot this plays out. Trade carefully! Remember patterns are not 100%. Research, trade ideas, shape...
Gold is Bullish due to global financial market meltdowns. Here is a nice Long based on the 764 Strategy and a BAT Pattern R/R: 5.85 Entry: ~1222 SL: 1213.8 TP: 1253
A great little strategy that pay's off well in Bull markets. 3 Trades in 4 Days on this ETH example. If you have any questions, shoot away. Trade away!
We have a valid Bat pattern on the 1H chart. I`ll reload in that area. Long: 437-439 SL; 435.72 Target: 443 (and possible breakout) For the risktakes: You can short CD :)