BTC - Bearish Bat Pattern on Daily Dear friends,
Sorry for those only longing, good lucks for shorters.
One more bearish sign on BTC 0.28%, A bearish Bat Pattern has developped:
TP 1 --> $7,020
TP 2 --> $6,666
All the Best from the Crypto Space
Alteroc
Not a Financial advise, be a better trader tomorrow than you are today by DYOR
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Bearish Bat
BTCUSD - Prediction w/ bearish batBTCUSD has made a clean break of the inverse head and shoulders to make a higher high somewhere following a lower low which has triggered a huge bias change amongst online traders I follow on reddit/twitter. Though I dont think this means we will break above 10k any time soon, there is reason to believe we are finishing the bear market.
The RSI has not been above the orange resistance we are facing currently in 2018. The OBV has not broken above the downtrend line that was broken a few days ago since 19k was reached.
The ichimoku cloud is about to turn bullish and we have already had a bullish Tenkan/Kijun cross.
Given that I think this is a reversal in the making I won't be looking for long term shorts.
I was stopped out of a long on the right shoulder forming... that one hurt my feelings.
Now looking for longs in the green boxes. I think a retest of the neckline is very unlikely.
BAT correctionHey guys,
This analysis will be about one of my favourite Long-term investment opportunity : The BAT Token
As we can see,a well-respected triangle formation has been formed since December 2017.
The overall trend is bullish,but at this moment,BAT is a little overbought.
I am expecting to see a correction in the near future.
How to trade: I believe that it is best to stay out of this token for the time being.If it drops back to 3.2k sats( as i sincerly expect),that would be the time to place a buy order,with a ''safety net'' at 2.8 k sats,in case things go south.
Either way,keep an eye on BAT,as rumours have it,that Youtube will choose to implement this as a donation method,just as Twitch did in March 2018.
None of this is trading advice,as it only represents my opinion on how things will evolve.
If this has been helpful to you in any way,please feel free to drop some change in my piggy bank, or just leave me a review in the comment section.(It would mean the world for me ;) )
BTC: 1FT5eALCLpTKtQDiwQrEvuq51ScXJQqDEZ
ETH: 0x3d2966f2cd842dd4c63cb42991d234b8f07e78b5
For any questions,leave a comment down below and i will answer as soon as i get to see it.
Cheers!
AUDNZD - Short - Bearish BatBearish Bat setup with extremely tight PRZ. Looking for last week's close to act as tough resistance
OBV in important resistance zone and RSI bouncing on resistance nicely.
Both RSI and OBV bearish divergence on the 1D and bearish OBV divergence on the 1W.
I often trade this pair based on whether AUD or NZD is stronger against the dollar and the Kiwi has opened the week with more strength.
looking for shorts between 1.097-1.098. Already entered at 1.0965.
SL above X (1.09925)
1.09 and below is my current target
EOS - Bearish BatHello traders, here we have EOS/USD on the 1h chart with a valid bearish bat pattern.
The measurements for a valid bat pattern are detailed below.
B: 0.382 - 0.50
C: 0.382 - 0.886
D: 1.618 - 2.618
XA Retracement: 0.886
Price has yet to confirm the PRZ which consists of a 2.0 AB=CD, 2.24 BC and 0.886 XA retracement as the final ratio.
I'm currently paying attention to the price structure within the CD leg as a breakdown may invalidate the entire formation.
BEARISH BAT FORMING GBPCADOn the daily GBPCAD a bearish bat has formed its C leg , from this point the market will go up to the 1.8256 area before dropping. Two trades are likely we buy from this C LEG and Sell from the D leg completion at 1.8256 . Swingers will find this set up as lovly as i did... cheers, look for evidence before trading, yours truly the harmonic prophet lol )