LONG #Bitcoin #Long to #Short, #Bearish #BAT & #DoublebottomIf you have been following me for a while then you know I am a huge fan of Double bottom & double Top, they are one of the simplest patterns that you can find on the chart, I have been trying to learn BAT/Cypher patterns & the only way to do it is practice
So here's another one why I feel this is the double bottom is the cause of we have been seeing some consolidation around the support,
Also there is a triangle forming
I mentioned yesterday that I am interested in longing if the daily candle is able to close above 7181 & I feel there is one final push left in the tank on the upside before we head down to lower levels of the wedge -
So risk-takers can enter a long trade based on the chart, Manage your position size accordingly & Never trade more than you can afford
I will also enter short as per my previous analysis - It is still valid only delayed,
You can track that idea here
make sure to leave a comment & if you agree then hit that thumbs up
#DYOR
remember I am not a financial advisor & this are all just my thoughts :)
Bearish Bat
Bittorrent / BTTUSDT 4HBTT coin trying to the breakout, there is triple bottom. The potential of the Bearish Bat Pattern attract attention possible on the uptrend and I think it seems possible.. Good luck!
Trade Ideas Position: EURJPY BatA bearish bat check-back within the sell zone sets for a trend trading opportunity. Trade has engaged and at 121.14 the level will display a critical movement on EURJPY, break and close below of 121.14 will show a smoother path towards the downside but a magic candle show at that level may show a rebound at that level.
USDJPY-Weekly Market Analysis-Dec19,Wk4As the market shows a rather bearish tone, on this intra-day timeframe the 15mins chart poses a potential shorting opportunity on this bearish bat setup as a trend trading opportunity.
Let's see on Monday or early Tuesday, doesn't this setup present itself and give us a Merry Xmas.
To access my decision, kindly check out the (3)link on my signature.
Trade Ideas Position: EURUSD BatA bearish bat forms up within the supply zone I was waiting to engage after a retest of a double top, sweeten the deal.
What's better, this setup is within the supply zone of a bigger bearish bat pattern(that displayed a warning sign) on the 4-hourly timeframe(link can be found below).
GBPUSD-Weekly Market Analysis-Dec19,Wk2Apologise to the English Viewers for missing out the bearish shark pattern for a better chance entry.
As mentioned on the video, this week GBPUSD on 12Dec19 there is a General Election, to me, this is as good as the 2nd referendum for Brexit.
I'm not so much looking at if Brexit party win UK Pound will fall or Brestay party win UK Pound will rise, is more of the majority vote is given to either party, UK Pound will rise and if the result came in just as divided as the Brexit 1st referendum, UK Pound will fall hard.
Traders who decide to engage the trade-in, either way, have to be careful of:
1) Market Whipsaw
2) Spread Widening
Traders who have engaged the trade may consider this. Leave target2 open or extended target as a market expansion is expected why not look for 2nd support or resistance area as final target profit.
If uncertain, avoid all GBP and EUR related pairs.
Bearish Bat (Bitcoin) Update if we hit the 50% retrace.Good afternoon, just an update on the potential Bearish Bat pattern if we run up to the 50% retrace before selling off.
We hit our .382 and my ideas for what we may be in the makes for are already posted. Now it's time I post the 50%, 61.8% and 78.6% retraces if we ever hit them.
For the Bearish Bat, just like the 38.2%, if we hit the 50%, we are still looking for a sell off between the current prices and the 88.6% retrace before that divergence plays out to the upside.
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