Bitcoin / TetherUSUpdated Bat pattern formation in BTC 1h chart
I can see the formation of a bat pattern in the 1h time frame of BTC-USDT. If such a pattern is indeed completed, we should see an upward movement towards the ceiling of the channel that I have mentioned about in my previous analysis. In the case, you fancy to trade such a set-up, pay attention that:
1- This is a low probability setup.
2- Do check so that momentum is giving you a long signal as well.
3- wait for the SOR candle formation and confirmation.
P.S. this is not trading advice.
Cheers,
Ali
1- This is a low probability setup.
2- Do check so that momentum is giving you a long signal as well.
3- wait for the SOR candle formation and confirmation.
P.S. this is not trading advice.
Cheers,
Ali
Note
Bullish cypher pattern:
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.