Bearish Bat on 4H chart of BTC

2 mar 2022

We have a bearish bat pattern and this is a worrying factor, Invalidation of this pattern will be $47,348. If you look at geopolitical issues, They seem to be escalating rather de-escalating so this can certainly effect the global financial markets. We do have news that in Russia people are buying BTC by paying premium of over 20k which is a bullish factor whereas recent remarks of FED chair Powell regarding crypto were not good plus he's inclined to impose 0.25% interest rate hike in March so these factors can have a negative impact on crypto. We are bullish on BTC at invalidation point of bat

4 mar 2022

Trade attivo

TP1 hit.

4 mar 2022

Trade attivo

TP2 hit.

4 mar 2022

Trade chiuso: obiettivo raggiunto

TP3 Hit. Pattern played out perfectly.