LTCBTC Bullish bat pattern - Target 66%, 81% and 170%

Тема в разделе "English", создана пользователем Trading Ideas, 16 авг 2019.

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    LTCBTC Bullish bat pattern - Target 66%, 81% and 170%
    Litecoin / Bitcoin BINANCE:LTCBTC
    T01157899
    fnKYtJdf_mid.png
    LTCBTC is touching on heavy long term support and forming a bullish bat pattern. For a bullish bat pattern set the lowest stop loss at a price not lower than X. That triggers a sell order to close the entire position if the reversal at D extends more than 100%. In a bullish bat , raise the stop losses and profit targets for each order (lowered for sell orders) only if the trend extends higher. If the price does break upwards, move the initial stop loss higher to point D. If the price breaks below D after an initial rally, a bearish continuation could be on the way. To reveal the profit targets, use a Fibonacci retracement tool and select point A to point D. The main price targets are at levels 38%, 50%, and 100%.

    Good luck!
     
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