BitcoinLong
Bat@0.886XA + Parallel Channel
The history is repeating itself look what the price is doing right here, that's amusing, we can profit with this wonderful pattern, the price went to form the XA leg and it was denied by the resistance zone to continue up that it's similar with the previous HP XA leg working as a resistance zone, so the probability for this pattern to work really well are so high than we can imagine, mostly that the BTC it's in downtrend, and I don't believe it's the time to go up, firstly it has to test a big support below then it will start the uptrend that I believe it will be huge uptrend, that being said let's go to the setup.
Setup Rules:
1. Harmonic Patterns Completion ( Bullish Bat@0.886XA) - 50% Complete ;
2. PRZ Hit - Waiting;
3. PRZ Test -Waiting;
4. Candlestick Reversal Sign - Waiting;
5. Candlestick Confirmation Sign -Waiting;
6. RSI Reversal Sign - Waiting;
7. RSI Confirmation Sign -Waiting;
8. Type-1 Reaction - Waiting;
9. Type-2 Reversal - Waiting;
10. Risk Management - Applied;
11. Risk / Reward - 1/3 - 1/6.
Setup Rules:
1. Harmonic Patterns Completion ( Bullish Bat@0.886XA) - 50% Complete ;
2. PRZ Hit - Waiting;
3. PRZ Test -Waiting;
4. Candlestick Reversal Sign - Waiting;
5. Candlestick Confirmation Sign -Waiting;
6. RSI Reversal Sign - Waiting;
7. RSI Confirmation Sign -Waiting;
8. Type-1 Reaction - Waiting;
9. Type-2 Reversal - Waiting;
10. Risk Management - Applied;
11. Risk / Reward - 1/3 - 1/6.
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