MAID/BTC - Bullish Butterfly

2017年12月3日

What's up traders, today I'm looking at MAID/BTC on the 1h chart with a bullish butterfly pattern, this has some serious potential.

The measurements for a valid butterfly pattern are detailed below.
B: 0.786
C: 0.382 - 0.886
D: 1.618 - 2.24
X to D: 1.272

The completion of this pattern aligns with the all time low for the asset, meaning it is a crucial area of support and a key area to buy at depression lows.

In addition a 1.13 A, B, C extension completes in the potential reversal zone further confirming this zone.

I'll be waiting until the pattern completes before placing the trade.

As always feel free to connect with me below!

2017年12月3日

註釋

Quick breakdown on market structure

2017年12月4日

註釋

A quick update on structure, we will see more activity shortly.

2017年12月7日

註釋

MAID/BTC, pattern complete, price is sitting in a key demand zone.

I will be updating my analysis!