Bitcoin BAT: You need to work for the sake of the market
As mentioned in the Video... this is really the last bullish harmonic pattern out there at the moment and it just happens to be on the most important Crypto of them all.
From time to time BTC does not determine ups & downs in other crypto but that is the exception. At the moment the RULE is BTC is leading the way so if this pattern were to "work" then that is really good for all of the people who have positions in pretty much any crypto.
I will update you on my entry, stop, profit targets and trade management when I get an opportunity to get in.
Until then I wil pay close attention to how price reacts of the D of BAT pattern.
From time to time BTC does not determine ups & downs in other crypto but that is the exception. At the moment the RULE is BTC is leading the way so if this pattern were to "work" then that is really good for all of the people who have positions in pretty much any crypto.
I will update you on my entry, stop, profit targets and trade management when I get an opportunity to get in.
Until then I wil pay close attention to how price reacts of the D of BAT pattern.
Kommentar:
Bitcoin has already passed the BC leg which is the first target for the BAT pattern. Next target is the 1:1 of the XA leg which would see Bitcoin at $12,385 and that would also see price make it back to February missed Central Pivot.
Let see how things play out
Let see how things play out
Kommentar:
some market symmetry i though was interesting. Bitcoin price is sitting at the 1.272 extension (red line with left pointing arrow) of the BC leg of BAT which also happens to be B (right pointing arrow).
Im not suggesting one gets short but we could see a retracement from current level.
Im not suggesting one gets short but we could see a retracement from current level.
Poisitve for now... lets see if it continues