Bearish Bat Formation BTCUSD 1H
A potential short opportunity here on the Bitcoin USD 1H, with targets at the .386 and .618 retracements of the C tot D leg on the Bat Formation. Stoploss slightly above 16.800 max 2% of capital. Trade Safe.
Note
Closed the position, it looks like the market prefers to continue the ongoing rally, without a retracement near the previous top/resistance around 16.800.
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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.