Bullish Alternate Bat: ETC/BTC pair/120 minute time frame

8. Aug. 2016

After price retested the PRZ and price held, combined with the possible triple bottom, I have taken a long position on the ETC/BTC pair, 120 minute timeframe on the Poloniex exchange.

I expect to see a Type 2 harmonic reaction here.

8. Aug. 2016

Anmerkung

Position: Long
Entry: 0.0035 BTC
Stop Loss: 0.00332 BTC
Target 1: 0.00398
Target 2: 0.00437


Happy trading,

9. Aug. 2016

Trade ist aktiv

Previous analysis of this pair can be found here.

9. Aug. 2016

Anmerkung

It looks like price is retesting the lows in the PRZ for the fourth time. Lets see if the support holds and price rallies.
If support fails we can be expected to see new lows.

9. Aug. 2016

Anmerkung

tradingview.com/chart/yaGqOis0/

9. Aug. 2016

Anmerkung

9. Aug. 2016

Trade geschlossen: Stop wurde erreicht

I have been stopped out of this trade.

9. Aug. 2016

Anmerkung

It looks like we got in the trade to early and it was a deeper harmonic at the 1.272 extension.