mjchase

Perfect example of bearish bat harmonic pattern.

Short
BITSTAMP:BTCUSD   Bitcoin
Here we can see a beautiful example of a successful bearish bat pattern.

Entry at 88.6% of XA with the most ideal B point between 38.2% and 50% of XA.

Due to the extreme bearish nature of bitcoin at this moment in time my target is larger than usual.

50% has been closed and I will hold the remainder for the duration of the trading week.
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