It seems this pair exhausted and no more upward thrust.
The orange shape shows 1st Bat pattern formed and this push price down nearly 300 points. Now, the second Bat Pattern that comes with same magnitude formed and a thrusting news came out that PayPal supports Bitcoin. If the chart retains potential upward thrust, this news would have skyrocketed the pair since this formed Batpattern completed. Result was 60 points upward and was cancelled immediately. This price action indicates that there is no upward thrust remains. Once it broke previous low, descending triangle shows price may hit 120 level. Who knows?
The orange shape shows 1st Bat pattern formed and this push price down nearly 300 points. Now, the second Bat Pattern that comes with same magnitude formed and a thrusting news came out that PayPal supports Bitcoin. If the chart retains potential upward thrust, this news would have skyrocketed the pair since this formed Batpattern completed. Result was 60 points upward and was cancelled immediately. This price action indicates that there is no upward thrust remains. Once it broke previous low, descending triangle shows price may hit 120 level. Who knows?
