Bearish Bat Formation BTCUSD 1H

11 Ara 2017

A potential short opportunity here on the Bitcoin USD 1H, with targets at the .386 and .618 retracements of the C tot D leg on the Bat Formation. Stoploss slightly above 16.800 max 2% of capital. Trade Safe.

12 Ara 2017

Not

Closed the position, it looks like the market prefers to continue the ongoing rally, without a retracement near the previous top/resistance around 16.800.