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Bearish Bat

USDJPY-Weekly Market Analysis-Aug22,Wk4It is a joke to read that; "The US Dollar dipped on CPI data"; or "The US Dollar dipped on inflation". If you have been following us, you should know that the Buy Zone(Blue Box) has been there for a long time. Yes, the dollar is still bullish; some may argue that it is due to Yen's weakness, but you can check other Dollar pairs and compare on its daily chart. The dollar is far from the bearish move; however, counter-trend traders can wait for a 3-bar reversal at 138.35 at Point D of the Bearish Bat Pattern.
Short
by RaynLim
LINKUSD: Bearish Bat with Hidden Bearish Divergence at Range TopCHAINLINK has been trading within this range for the last few months and recently has put in a Partial Decline; However it has formed a Bearish Bat on the Way up and may look to make a 50%-78.6% Retrace before continuing back up again to Bullishly Breakout. So i would say the short entry is here and the profit target is between the 50 and 61.8 Retrace. Before then reversing again and giving us a Secondary Partial Decline.
COINBASE:LINKUSDShort
by RizeSenpai
1
SOL in a Bear RunSolana also known as Sol is in a Bear Market. I know that most of you aren't very happy about it, but it is time for us to think if the cryptocurrency market is really a De-Fi. I'm not doubting the mechanism, but the design or the marketing of it is flawed. If you have not noticed, whenever the USD appreciates, the crypto market will have a nosedive. When the crypto market has such a relationship with the USD, it will never be truly defined. If you are holding them, don't panic, there's always a solution to it. We can wait for the opportunity to trade it and with that profit, it can help us recover or even earn from the market that moves against us. Most Harmonic Pattern traders will wait for the shorting opportunity of the Bearish Bat Pattern completion at 52.97. However, the Bat Pattern has been invalidated. You can still engage it, but it will not be a Bat Pattern and you are taking the trade not more than a toss of a coin. Trend Traders can wait and observe any shorting opportunity within the sell zone.
FTX:SOLUSDShort
by RaynLim