TWITTER Bearish Bat SETUP 🦇Hi Traders, Investors and Speculators of the Charts 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year.
The recent logo change following Elon Musk 's acquisition of Twitter has definitely affected the price of both Twitter and Dogecoin. But the rumor, sell the news and so it seems Twitter is taking a dive after a log period of upward price action. The bearish harmonic bat pattern short setup is discussed in detail in the video. Note that the prices are NOT USD, since Twitter is now a privately owned company and was removed from the NYSE late last year.
Here's a more in-depth educational idea on bullish and bearish bat / harmonic bat pattern / cypher patterns :
In another related idea concerning the logo change from the blue Twitter bird to the DOGE meme pup:
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Bearish Bat
Probably the Ultimate Combo Trade, yetA Bearish Fib-3 Bat is here giving us a ticket to get involved with the big boys. With a stop loss of only 25pips for this bad boy, it allows me to stretch the target towards the hourly and the daily chart target is just amazing.
DOLLAR CRASH!? NOPE! NOT NOW!!If you are on the Media, you would have heard that the DOLLAR is CRASHING, countries are ANTI-US DOLLAR, etc, etc...
I don't see any crashes happening on the chart. It is important for independent traders like ourselves, not to get swayed by the news headline; see it for yourself.
What I'm seeing right now, saddens me more than the crashes; the market is going into the consolidation phase.
How do I know that?
A series of Bat Patterns, that's it. The market reflects on what market participants felt.
If you are looking for shorting opportunity, you are in luck.
On Daily Chart(left), Bearish Bat Patterns completing at 136.96 and on the 1-hourly Chart, we have the Bearish Crab Pattern completing at 132.54 and Bearish Bat Pattern completing at 132.87.
GOLD H1Hello traders, GOLD is setting up for a downside move watch GOLD according to your own trading system or strategy and look for a short position trade setup opportunity.
I am currently watching price to hold around mentioned area and looking price movement for a short position setup, if price break the mentioned high then this setup will be invalidate.
This is just analysis, not the exact trade or any kind of signal that proven with wining or losing % so be sure trade with your own according strategy do not depend on my analysis.
I wish you good luck in trading.
I want an Upsize pleaseAn Upsize Trade is the name of 1 of my trade management.
On the 4-hourly chart(left) is a complete ABCD pattern. I'm waiting for a retest at 158.98 for a buying opportunity.
When the retest happens, I'll be stretching my final target to the Bearish Bat and Bearish ABCD Pattern which completes at 168.11.
This is a high-risk approach and it could harm your account if you do not know how to execute it the right way.
A 533pips of Profit missedA 533pips missed if you had not followed the analysis I've posted since March 6 (related link within this TradingView Post). It has yet to reach its final target.
On a longer-term perspective, the USDJPY is on a Bullish Trend and traders looking to engage the trade to buy can wait for a buying opportunity on the 4-hourly chart.
Some of the ways include a Double Bottom to engage the trade.
An Immediate shorting opportunityA Bearish Bat Pattern on a counter-trend trading setup allows traders to hop in and catch some relief from the market.
This could be an amazing trade for trade management matters.
USDJPY: Bearish Continuation TradeUSDJPY Reversed on the MACRO from a Bearish Butterfly PCZ on the Monthly and has since gone down about 15% as seen here:
But recently it's had a bit of a rally as the DXY showed a bullish pattern that it indeed bounced from here:
However it would seem that the USDJPY is showing quite a bit of weakness with the MACD confirming Hidden Bearish Divergence and Crossing Bearishly after price was rejected from the 200 Day SMA and the PCZ of a more Local Bearish Bat and could be a sign that the rally in the DXY will be coming to an early close; but more specifically it could be showing that the JPY will start to show Dominance in the FX Markets again and that this Local Bearish Bat could be what sets off the Bullish Continuation of the JPY Dominance.
GBPNZD - Bat Pattern Forming SOON!Bat patterns on GBPNZD are very profitable on the 4H timeframe.
- Entry: 1.96189
- Stop Loss: 1.97407
- TP1: 1.94499
- TP2: 1.93456
I have set a limit order at my entry price. If price moves against me I will trail my take profit levels in accordance with the 38.2 and 61.8 retracement levels from the low of the pattern to the current price level.
If the pattern is invalidated before hitting my entry limit order, I will delete the order.
The Short Plan will be helped by Order Block (ADAUSDT)OKX:ADAUSDT
0.36 level seems very liquid for ADAUSDT
Last two Stop Hunt under this level and bull trap also support the importance of 0.36 level.
If the price moves on the direction of blue arrow we will be prepared to arrange a short position.
Opening position on the direction of blue arrow is also another plan but we need more bullish price action signals.
Good Luck Everyone!
A retest could save your some moneyIf you have managed to short the USDJPY trade on the Bearish Bat Pattern, congratulation is on the way. If you have not engaged the trade, perhaps you can wait for the market to retest 136.95 on the 1-hourly chart to engage the Bearish Shark Pattern could be the next best thing that could happen to you.
All you need to do is to wait and see if the opportunity presents itself.
You have not missed out on EURUSDIf you thought that by following the rules of the Harmonic Patterns caused you to miss out on profits of the 4-hourly chart Gartley Pattern, here is a second chance.
The Bearish Bat Pattern on the 1-hourly chart completes at the same region as the Bearish Gartley Pattern. This is amazing because should the Bat Pattern complete it offers a trade with a lower-risk trading setup.
A mistake that most traders might makeOn the right is the daily chart, and on the left is the 4-hourly chart. It is a common mistake for traders that have been trading for 3-5 years and believe that the higher timeframe always supersedes the lower timeframe.
Similar to corporate hierarchy, our superior is not always correct.
There are a couple of factors that determine that. One of it depends on the overall market bias on the currency.
My Bias on the US Dollar pairs remains bullish; hence, I'm not motivated to short USDJPY aggressively when the market has a Bearish Bat Pattern formation. I would require to see a further market confirmation, like a Double Top form at completion, giving me an RSI Divergence before shorting the trade.
On the other hand, I'm waiting to long the USDJPY at 135.00 on the 4-hourly chart, which happens to be the Key Support Level.
Harmonic Bat Pattern for traders can apply on any time frameThe Bat is defined by the .886 retracement of move XA as Potential Reversal Zone. The Bat pattern has the following qualities:
Move AB should be the .382 or .500 retracement of move XA.
Move BC can be either .382 or .886 retracement of move AB.
If the retracement of move BC is .382 of move AB, then CD should be 1.618 extension of move BC. Consequently, if move BC is .886 of move AB, then CD should be 2.618 extension of move BC.
CD should be .886 retracement of move XA.
An upsize trade coming upA Potential Bearish Bat Pattern is looking to complete at 0.9314. This allows me to trigger my upsize trades and gives me an opportunity to stretch my final target to the completion of the Bullish Shark Pattern on the daily chart.
In order for that to happen, a series of confirmation need to be in place, 1 of which require a violation of the Buy Zone/ Demand Zone(blue box).
POTENTIAL BEARISH BAT FORMING ON QQQI believe there's another leg down coming the Q'S. I have highlighted where it may reverse. There's a potential bearish harmonic bat completing in the coming days and weeks. Good luck!
CADJPY COMPLETED BEARISH BAT PATTERNCADJPY has completed a bearish bat pattern.
This is a good trade opportunity to take.
Trade with care.
Do follow and boost if you found this idea helps.
WEEKLY MAPFRE: -36.1% YoY 2022Q4 profits and #batpatternFUNDAMENTAL AND TECHNICAL ANALYSIS
FUNDAMENTAL
2022 EPS Q4 better than expected: 0.0503 (exp. 0.0388). Issued premiums revenue 5.895B (exp. 5.83B). Nevertheless, -36.1% YoY Q4 profits.
Final dividend of 14.5 cents, payout 69.5%.
Conclusion: weak 2022 results overall give the share price a PER of 8.83 at price 1.842. P of PER increases, an overvaluation could be happening at the moment.
TECHNICAL
Aside from the weak results, there might be a formation of a bearish bat pattern underway whose prophecy is not as good for investors as the previous inverse head and shoulders that appeared post-pandemic.
GBPUSD-Weekly Market Analysis-Feb23,Wk1The Type2 Bearish Bat Pattern has formed a Sideway Bounce in the process. It produced a potential 55pips of profits potential, which is a pretty good deal for a 1hour chart trading opportunity.
Dogecoin: 4HR Bearish Reaction at PCZ of Bearish BatWe have 4 Hour Hidden MACD Bearish Divergence at the PCZ of a Bearish Bat and i think Doge could probably target the bottom of the range at $0.075 from here.
CVS: 3 Falling Peaks, Bearish Dragon, at PCZ of Bearish Alt-BatWe do also have Bearish Divergence on the monthly and some of the lower timeframes but the stucture looks the smoothest on the 2 week. We have Confimed the Bearish Dragon Breakdown and are working on confirming the 3 Falling Peaks Pattern if we Break Below $86.78
BTCUSD: Bearish Bat Looking to retrace back to $18448.51Bitcoin looks ready to begin creating the Potential Right Shoulder of this Potential Inverse Head and Shoulders as it is at the level of what would have to be the neckline while overbought and within the 0.886-1.13 PCZ of this Bearish Alternate Bat it's traded within.
If this Inverted Head and Shoulders plays out, the Alternate Bat will underperform and not give us the full 100% Retrace backdown to 15.3k; but if not the price will go much lower and perhaps even lower than 15k so i will be managing risks from here.
For the time being i will be taking a third of my profits off and buying a monthly strangle along with a seperate weekly slightly OTM put as a way to secure my position on price action at a lower risk.
Fantom(FTM) created a Harmonic BatFantom just formed a beautiful bearish harmonic Bat pattern and started its downward journey from the final point. Bears can start selling targeting the demand zones shown on the chart. We alseo have to wait for market act.
