2021-01-29

BTCvsUSD UPDATE

IN THE NAME OF ALLAH THE MOST GRACIOUS THE MOST MERCIFUL
BITCOIN IS FORMING  BEARISH ALTERNATE BAT PATTERN OR BEARISH CRAB PATTERN ,THEY ARE SHARING THE SAME B POINT RETACEMENT 38.2% OF XA LEG. SO KEEP AN EYE OPENING ON $42700-$43300 ZONE, IF PRICE ACTION TURNS LOWER IT COULD BE HITTING $38000 THEN $34500, WHILE IF PRICE ACTION KEEPS GOING UP , IT MAY BE SHOOTING UP THE $47700-$49300 RANGE, HOWEVER IN TESE RANGES WACH CAREFULLY ANY REVERSAL SIGNS LIKE BEARISH CANDLESTICKS AND BEARISH DIVERGENCE ON RSI INDICATOR
TO TRADE WITH THIS PATTERN :- AFTER CLOSE BACK ABOVE $34900 (ABOVE (B) POINT)  , BAAM IS TRIGGERED. GET LONG ON THE BREAKOUT OF B POINT TO CAPTURE THE SEGEMENT TO  THE COMPLETION OF THE PATTERN