A Bullish Bat usually consists of an extended ABCD Pattern.
Both 4-point & 5-point patterns provides a Potential Reversal Zone, which maybe tested completely & trend may reverse.
SL below PRZ.
bitcoin is in a very critical area it can form a potential head and shoulder on 4h time frame. for confirmation we should wait for reaction to resistance line and and then break of neck line.
*All analysis for this was completed on the 4H time frame*
Drew my fib levels from HL to HH of the bullish push. The bearish momentum over those past two days from EU seems to possibly be consolidating in the 61.8 fib region of the chart, noticing this allowed me to see the potential bullish Trend line off the 61.8 fib level. However, this could also be a...
Forecast for my 15min TF strategy.
Very bearish on the daily TF but gaining strong momentum on the 4 hour and hourly TF
Will be waiting to see how price reacts around the current level, but with the US/China trade war seeming to have positive talks, could see some dollar strength and push the EURO lower
Any questions feel free to ask, by dropping a comment or...
