Bearish Bat
XRP time to short for about 40% profit Perfect bearish bat pattern formed (1hr candle) + 0.618 retracement (daily candle)
XRP rallied really good up to 0.618 retracement (0.525) in daily candle chart from the previous high (062435).
Now XRP is doing distribution in my opinion in 1hr candle chart and I'm expecting to go down from 0.618 (0.495) ~ 0.886 (0.5157) to all the way down to 0.3 area.
Stop loss should be 0.525
BAT BTC SHORT PART 2 :)
BAT is a good project and also the investors was speculated too much a Coinbase listing which means the price would be pumped a lot of :-) but:
Now we have a series of bearish signals:
-BTC CME(bullish) future contracts will expire today
-Volume going down
-MACD overbought hard and also volume dropping
-Stoch overbought:They can force from here a little bit but sure sure will going down they need to refuel
-RSI above 70 is overbought also
Bull signal: It s above ichimoku cloud which is a bullish signal but they can go down untill 2840 sats to remain bullish because there is a support from ichimoku cloud
In my opinion this will going down.
1st target: 3899 sats
2nd target: 3550 sats
3th target: 3200 sats
4th target: 2840 sats
Trade Ideas Analysis: USDJPY FlagI'm waiting for M15 Chart confirmation at the bottom of my flag I'm looking for a long opportunity,
If that doesn't happen and market break through it, I will wait for a long opportunity as long price didn't hit D before that happens.
Will update my inner-circle on this
BAT BTC SHOORT
BAT against BTC now is bearish becouse they formed a LOWER HIGH you can see this huge bearish divergence at 1D chart.
Stoch is overbought and also we have a bearish divergence there.Stoch can keep it down for a longer time but when stoch hits overbought area and also we have a bearish divergence confirmation the coin will going down sure
RSI overbought 80. (Above 70 it s still overbought)
Volume increased hard becouse Brave and also Coinbase rumour FOMO ,if you want to make an entry wait a little bit .
Supports:3982 sats
3580 sats
3195 sats
2473 sats
2083 sats
These is the 1D supports. Good luck
AUDCAD SELLI caught a bearish bat pattern on the 15 minute. The RSI indicates it is overbought and that big pinkish zone you see there in the background is a resistance zone on the 4HR or DAILY. Regardless, it's in a major resistance zone, overbought and formed a bat pattern. Place Target 1 at the .382 of the a:d retracement.