Get started
Bitcoin
Short

Did Bitcoin just paved the way towards 4000, Bat formation

By FX_CouchPotato
Updated
BTCUSD

Hello traders, looks like we have a valid bat pattern on our hands that just exploded, the ultimate target is as low as 4K
Trade active
Note
Watch the market closely, if price falls below 9k it will trigger big s\l orders( it would be safe to say that they are placed slightly below last LL) which in return will cause a downfall of the pair.
Trade active
Increasing opened short position. Still targeting 4K
Trade active
Trade active
Approaching critical support level
Note
Target one reached
Trade active
Heading to reset 7K
Trade active
Trade active
Note
It's about to hit that last trend line that I drew, that's where I'am going to close my short
Trade closed: target reached
Well that was by best shot ever, 10470 pips!
Harmonic PatternsTrend Analysis
FX_CouchPotato

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.