Tradewithkobane
The News is comingLooking for the market to continue down.
30 Min trend line broke but will still look for the sell till the market shows an uptrend has started.
Will enter a Demo trade due to news coming
Entry = .88983
SL = .89134
P TP1 = .88770 (Alert set on the line)
Lot= .05
Looking for 20 PIPS!
Possible Bearish Butterfly on Bitcoin Possible Bearish Butterfly on Bitcoin
The daily RSI shows divergence. Potential reversal for our C point can fall anywhere between 38.2 and 88.6, which line up with one of our sweet spot zones or conviction zone . Our D point would fall at the 127 extension and would complete the pattern
Daily View on BitcoinBitcoin seems to be forming an ascending triangle. There was a previous Bat pattern formed and it looks to be creating another possible bat pattern. The completion of the bat pattern would be a bounce off of the lower trend line and would complete the C point for either the Gartley the Bat or a Crab Pattern. We are currently at the sweet spot zone and could possibly see a reversal in this area to also paint the C point