ZECUSD Bat pattern and GAP for short

11 Nis 2017

I don’t think that harmonic pattern should be applied for this relative very young market. This kind of markets are often driven by strong emotions, where low volume lets create rapid movements up which are then erased by market in very short time. It looks like micro version of sub-prime crisis.

I wouldn't trade bat pattern on its own but company of solid GAP makes it nice opportunity. GAP is perfectly respected by market for the last almost 2 weeks. Bat pattern will be used to help set TP area. Safe take profit target would be around 45$ 40$.

I would again recommend very small stakes for this trade.

I would also wait to see if the market reach point D and then open long position