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Bearish Bat

Bitcoin could to form a bearish channel; but bullish to hold!!!In this analysis, this it's another update of the chart that Bitcoin it's continue down in H4 timeframe. And that what I selected in red circle this it's an theory that price action it's show a bearish candlestick group. Now if you see in H4, this it's so bearish for the crypto market. But if you see in the chart like H1 or H2 timeframe, you can to noticed that Bitcoin it's below of the EMA 200, that mean that Bitcoin it's in the bear trend. And that, it's the H8 timeframe and it's bearish too. So, in general, I'm short Bitcoin from the $33,000 USD. Remember, if you follow me my signal that I post in my past Bitcoin analysis. Now, if Bitcoin doesn't break down the support of $28k, we could to formed a bullish setup channel for Daily chart that show us that Bitcoin it's prepared to go up and then, we could to considered to hold Bitcoin in this long position above of $28k, But if in any case Bitcoin doesn't support the $28k, we could to have a probable more drop toward 25,700 USD and included $22k, but for that bear scenario, I hope a break down of $28k Ssupport to re-continue sell Bitcoin toward the $22k. That it's my own plan!!! So, we hope that Bitcoin continue down toward the $28k, that it's my support key to considered that Bitcoin it's need to stop the down.
COINBASE:BTCUSDShort
by harisonhbn9718
BTC 4H Updateafter BTC Recovered its price again above 30K we can see great move to get 40K back and it breaks now the dynamic trend line ... but it could be a trap to whale sell their BTC in good profit level an they dump price again so be aware about that. also we can see possible BAT pattern in chart which will end at around 40 and 41k and make a correction to fibo level that i mentioned in chart . in the other hand if price could stabilize above the PRZ zone could make a new ATH again around 50K. the market is in very risky situation now ... so deal with it wisely :)
by behnamkarimi6
2
GBPJPY - Bearish Bat on Sideway BounceA bearish Bat Pattern appears on the 4-hourly sideway bounce formation. I've almost missed this trade as there's a gap down with a different candle on Point C that's painted on my Live Trading Account on my MT4. It is a good practice to cross-check your charts on Monday especially when there is a gap, these are good practices of a trader. I've engaged the trade as the trading setup gives a very tight stop with a great profit projection.
Short
by RaynLim
CADJPY - Bearish BatThis Bat Pattern is quite a highlight for me. I'm waiting to engage this trade only after Monday 11Jan21 1200hr(+2GMT) which is 6pm Singapore time. The preferred entry price is at 81.94. A lot of people may know harmonic patterns but they aren't aware of the rules and filters that's why the results that they are getting are not optimal. The best part of this Bearish Bat Pattern is that if it works, I may have a target stretch out to the Bullish Gartley Pattern formation on the daily chart. Look at Point C, I'm highlighting it not because of the Bat Pattern completion on the 4-hourly chart, it is more of it violating 1 of the rules of the Gartley Pattern, with that the market may fall through the Gartley Pattern and may even form a Crab Pattern, that would give me a potential target of 533pips that is looking to fulfilled as early as 26Feb2021.
Short
by RaynLim
CAD/JPY : BEARISH BAT PATTERN - POTENTIAL R/R over 2.00% 🔔Welcome back Traders, Investors and Community! Analysis of #CADJPY If you have found this useful then help us support my page by hitting the LIKE button. If you are not subscribed yet then please feel free to follow my page for daily updates and ideas. Thank you It means a lot to us! *** Strategy: Bearish BAT With potential Max over R/R 2.00% A clear chart is Always the best business card for a trader. *** Your support and feedback will always welcome Thank you for your time. The information contained herein is not intended to be a source of advice or credit analysis Regards, Walter
Short
by FOREXN1
EUR/CAD :UPDATE BEARISH BAT PATTERN - POTENTIAL R/R 2.04 🔔Welcome back Traders, Investors and Community! Analysis of #EURCAD UPDATE If you have found this useful then help us support my page by hitting the LIKE button. If you are not subscribed yet then please feel free to follow my page for daily updates and ideas. Thank you It means a lot to us! *** Strategy: Bearish BAT With potential Max R/R 2.04 A clear chart is Always the best business card for a trader. *** Your support and feedback will always welcome Thank you for your time. The information contained herein is not intended to be a source of advice or credit analysis Regards, Walter
Short
by FOREXN1
1
Bearish Bat Pattern (DAILY)The Bat Pattern , is a precise harmonic pattern discovered by Scott Carney in 2001 The pattern incorporates the 88.6%XA retracement, as the defining element in the Potential Reversal Zone (PRZ). The B point retracement must be less than a 61.8%, preferably a 50% or 38.2% of the XA leg. The Bat utilizes a minimum 161.8%BC projection. In addition, the AB=CD pattern within the Bat pattern is extended and usually requires a 127% AB=CD calculation. It is an incredibly accurate pattern and requires a smaller stop loss than most patterns.
Short
by Cryptsyxalt