Bearish Bat
BTC Analysis Series 1 || Bat PatternI did two separate analyses in daily and 4-hour time zones. February 2021 and the current time of BTC in the 4-hour time graphic caught my attention. I put a screenshot in the left corner of the map. It's just a resemblance. I don't mean it will.
When we examine it in the one-day timeframe, we see a bat pattern in the chart it has drawn up to its current position. But I have to say , if you measure by turning the candlestick chart into a line chart, the bat pattern turns into a shark pattern.
You decide which is more reliable.
I've already analyzed this area on Shark pattern in an analysis I've done in a different language. I think only 1 of the TP. he worked as Target support.
In our analysis, the bat I will go through the pattern and leave it to time.
When I examine the bat pattern, I think TP can come to 0.382 and 0.618 fibonacci support points. I indicated these points on the map.
I intend to continue my analysis in different time periods as an analysis series. In this case, our analysis of this series 1. analysis. In our future analyses, some of them will be simulation analyses based on Indicator data.
In addition, we will also do an analysis through indicator data and add it to our series. I wish you plenty of money already.
Note: it is not investment advice. Opinions are purely personal.
USDCAD - Bearish BatA Bearish Bat Pattern has formed up on the 4-hourly chart. I'm waiting for the current candle to close and may just go aggressive when that happens.
This harmonic pattern is a counter-trend setup, hence when it reaches the blue box, you have to shift stop-loss to entry, well, at least I will.
EURJPY - Bearish BatThis emerging Bearish Bat Pattern is special, it coincides with the daily chart The Cross, for the short form to avoid confusion I'm going to call it Le Cross instead ;D.
I'm going to place a pending sell limit order in this counter-trend trading setup. If it's going to happen, it will trigger before this Friday Market close.
Bearish Bat with Bearish Divergence: 2 targetsBack with another setup with bearish potential on this one.
Short 🩸 Blood Bat Drinks Bull BloodShort 🩸 Blood Bat Drinks Bull Blood
"Did you think you've won?"
Key points:
- Left-wing of the Blood Bat functioned as a Bullish Pennant chart pattern
- Right-wing of the Blood Bat functioned as a Bearish Pennant technical analysis pattern
- The Body of the Blood Bat made people imagine Head & Shoulders
It's not Head & Shoulders, nor a bull run.
The Blood Bat drinks the blood of bulls and bears alike.
SGDMYR XEOn 29Jul21, Malaysia Ringgit has retested the previous low at 3.1348, which means 1SGD exchange for 3.1348MYR.
If you are earning SGD and spending MYR, it is a good time to consider changing most of your expenses for the next few months to MYR because it is at its recent historical low.
There is a high possibility that SGD may weaken against MYR or MYR may strengthen against SGD, in any way it is 60% unlikely that SGDMYR to go beyond(higher) than 3.1348MYR provided there isn't more shock to the market on Malaysia Political scene.
If you are looking to short SGDMYR, just check if the spread is too much, if the spread is more than 5pips, it's too much.
BAT POSSIBLE TO 1 USD - INTERESTING SIGNALS AND TRAGETS ETN TOOLHello trading friends,
Bat could enter a new breakout and new increase to 1 USD + depend on the last data.
There are some interesting targets on BAT that show a possible increase trend.
We know #BAT as one of the best coins that have whale fan data. it means whales hold it by DCA for the long term, and from this period BAT looks to have a good healthy increase trend to 1 USD + we will follow coming time this data as this coin looks interesting
✅Like and subscribe to not miss a new idea!✅ Thank you
# Manage always your risk, nobody knows the future - all depending on Data, trends, and whale effect
All our charts are not advice and you are responsible for your own investment
Double ABCD Competition on QuaterpointThe crosover point sent the price up, there was rejection from the quaterpoint and pattern completion, now we see a bat pattern forming, i"m going to wait for this to drop to the 886 before waiting for rejection and the potentially taking long!
(I may also scalp back down to the 886)
USDJPY-Weekly Market Analysis-Jul21,Wk4While there are a lot of trading opportunities using the Harmonic Patterns on USDJPY, but what actually standout will be the trendline buying opportunity. As long as the market didn't break and close below the 4-hourly chart's trendline(to be more precise, not to close below 109.53), I will be looking for a buying opportunity on this pair and my 1st target will be at 110.63. That is also the level that I'll be shifting my stop-loss to entry{SLE}.
Bitcoin Analyze (Triple Three Corrections) !!!hello, I have to say thanks to all users that respect ideas that are even wrong (Please Respect each other🙏).
Bitcoin Analyze ( BTCUSDT ) Timeframe 4h ⏰
First, I have to say sorry for the busy chart, but I suggest to you please spend some minutes on this post, probably useful (This is just my idea).
Location🌊 : Bitcoin's Correction has started around 64200$ (The Corrective structure is Zig Zag 5-3-5). I believed that microwave 4 of main wave C ended at 41330$ == Microwave 4 was like Descending Triangle, but when the upper line of Descending Triangle has broken yesterday, as I said in my previous post ''If price breaks our triangle (to up), probably microwave 4 will be the Triple Three Corrections type (WXYXZ)''. now, we lost Triangle and I think that we have a Triple Three Corrections.
What is my aim 🎯? Answer: I want to find the end of microwave 4 of main wave C or where will microwave 5 of main wave C start ?!
I want to say some of the necessary concepts for Triple Three Corrections and then compare them with our chart's conditions (Let's go):
The corrective structures are labeled as WXYXZ . The corrective structures are labeled as WXYXZ. They are an 11 swing structure. The subdivision of wave W, wave Y, and wave Z can be a zigzag, a flat, a double three of smaller degree, or a triple three of smaller degree. The Wave X can be any corrective structure including a stand-alone triangle.
The Fibonacci ratio relationships are as follows. Wave X will retrace anywhere from 50%, 61.8%, 78.6%, or 88.6% of wave W.Wave Y can not pass 161.8% of wave W or it can become an impulsive wave three. The second wave X will retrace the wave Y in the same aforementioned Fibonacci retracement levels as it did the wave W. The second wave X structure does not have be the same structure as the first wave X. The Wave Z target area to finish the triple three correction will be a Fibonacci extension 61.8%, 100%, or 123.6% of the wave W.
one of the standard templates of three corrective structure combinations that can form triple three corrections == this particular one is a double three wave W followed by the first wave X being a zigzag. Likewise as the wave W, the wave Y is a double three. This is followed by a zigzag second wave X connector. The wave Z ends with another double three.
now I want to compare my chart with upper conditions:
The corrective structures are labeled as WXYXZ . They are an 11 swing structure== I was able to find 10 swing structures and I think that we are on the eleventh swing (Wave (Z)).
The subdivision of wave W, wave Y, and wave Z can be a zigzag, a flat, a double three of smaller degree, or a triple three of smaller degree. The Wave X can be any corrective structure including a stand-alone triangle == our waves have these shapes.
Wave W is a double three Wave == the wave (W) is a double three Wave✅ // Any three ✅
Wave X will retrace anywhere from 50%, 61.8%, 78.6%, or 88.6% of wave W == Wave (X1) has complied.✅
Wave Y can not pass 161.8% of wave W or it can become an impulsive wave three == Wave (Y) has complied. ✅// The wave (Y) is a double three Wave✅
Wave X will retrace anywhere from 50%, 61.8%, 78.6%, or 88.6% of wave Y == Wave (X2) Has retraced 161.8%, t Has not complied but I am talking about the standard template ❌ //Any three ✅
The second wave X(X2) structure does not have be the same structure as the first wave X (X1) == This item has complied ✅
The Wave Z target area to finish the triple three correction will be a Fibonacci extension 61.8%, 100%, or 123.6% of the wave W.== The wave (Z) ends with another double three.// My aim 🎯
If you read my explanation carefully, you will know that my counting waves are really close to one of the standard templates of three corrective structure combinations that can form triple three corrections.
Where is the end of Wave (Z) ?!
My idea : Structure of Wave ( Z ) is ( Flat 3-3-5 ), and I think that we are on microwave C of microwave ((Y)) of Wave (Z). Wave C terminates just slightly beyond the end of wave A at around 113% to 127.2% (Standard).
The End of wave C or the End of Wave ( Z ) ( End of Main Wave 4 == My aim 🎯 ) :
Target 1: 36370$ == (113% Wave A) // 37320$ (127.2% Wave A ) // 37555$ is Yearly Resistance 1 .
Target 2: 41280$ until 40290$ ( Resistance + Cluster of Fibs+ Topline of the upper channel + upeer line of Bearish 🦇Bat🦇 Harmonic Pattern ( we have this pattern on this zone) )
Support zone: 31620$ until 30960$ ( Support + Cluster of Fibs+ the lower line of Descending Triangle ) == Heavy & important Support
Also, still, I am believing in Bitcoin Long-term Analyze ( Monthly Time frame)📆: Please read this post carefully ( I ❤️LOVE❤️ THIS POST😀)👉https://www.tradingview.com/chart/BTCUSDT/PTviG7sS-Bitcoin-Long-term-Analyze-Monthly-Time-frame/
My Suggestion: please do NOT buy Coins for Midterm and Long-term investment until the market finds a way. Over 43780$ our counting waves will fail and we can think about buying coins. Thanks for reading this Long text🙏💐.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy , this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅ 'like' ✅ button 🙏😊 & Share it with your friends, Thanks, and Trade safe
EURUSD-Weekly Market Analysis-Jul21,Wk1Well if you have missed the bearish shark shorting opportunity, you might not want to miss this Bearish Shark Pattern on the 1-hourly chart which has to form before 29Jun2021, 1am(+8GMT). If the candle fails to touch point D before the dateline, I will scrap this trading idea.
Lots of traders have complained that the market volatility has dropped, but we still managed to capture some great profits. Check my link(within TradingView at the bottom).
My student has spotted a shorting opportunity as well, leave your thoughts on which trading setup do you prefer, and why?
DASHBTC is testing the daily support 🦐DASHBTC is testing the daily support after an important bearish impulse. IF the price will lose the support, we can see another bearish impulse.
According to Plancton's strategy (check our Academy), we can set a nice order
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.