Bullish Bat
Zcash: Bullish BAT = entry into 9:1 R:R tradeZcash looks to be heading back to a missed central pivot from 2 weeks ago. It is also in the final part of what appears to be the C D leg of a Bullish BAT. Is that is the case entry will be at D (between 78.6 &88.6), this will give a very healthy risk to reward as D will then become / could become the C of a much bigger BAT pattern in which case I will trade that CD leg to the upside.
Platinum - Bullish BatWhat's up guys, here's a setup I've been looking at for a while. I'm not a position trader- I don't like to hold trades for any longer than a couple of weeks max. That aside, I have saw this pattern coming for almost 2 months since the B level was broken (one could have BAMM'd it!)
Here we have a bullish bat formation on platinum. The support level where the pattern falls has not been broken since 2016, and even that was brief. Since the chart in front of us began back in 2006 price has not been below the current support level for any longer than one month. For a precious metal of which there is less than one swimming pool on earth, price seems to be pretty low. This my prove to be a reasonable level for anyone looking to hold platinum long term.
Bat Ratios
B = 0.382-0.5
C = 0.382-0.886
D = 1.618-2.618
X to D = 0.886
BIG ass BAT: LISK: Could price get back to March monthly pivot?Nice looking BAT on Lisk daily chart. Price reacted nicely off the 78.6% level and has made a couple of higher lows / highs. Now the question is could price get back up to March missed Central Pivot.
HOPE SOOOOOOOO :D
As I mentioned I will post in the notes if I see a nice opportunity to add to position / enter an initial position. I'll also include stop and take profit as things develop.
GBP/CAD - Bullish Bat In addition to the bearish GBP/USD trade, I am also looking at a potential long position on the GBP/CAD. Again this trade may be heavily influenced by the announcement of next week's British CPI release- also by the BoC interest rate decision on 18/04,followed by the Canadian CPI release the following day.
Price has recently broken weekly resistance. The bullish bat is essentially retesting that level now as support (see below). I will mainly be watching the 4 hour chart for my entry. Risk:Reward at 1:3.
Bat Ratios
B = 0.382-0.5
C = 0.382-0.886
D = 1.618-2.618
X to D = 0.886
The Dark Knight (NVDA) is Flying high! Wayne ReversalGood morning, Bullish Benji Fanatics!
Another Chart analysis here.. by the prophet, the Winged bandit himself, the one and only, Bullish Benji.
NVDA has been struggling as of late breaching 250 then retreating back lower multiple times which has indicated a sell signal to most investors..
However, Benji is not one of those investors. NVDA did fail to breakout past this 250 many times yes.. But if you look at the Bruce Wayne Wings easily spotted in the chart after careful review you can see after this made a move back to 230 yesterday.. This isnt your standard BAT pattern, which is why Ive been calling it Wayne Wings. If we breach 235 this can retrace back up to the 250 zone. This is where things get spotty. I give it a 65% chance of making it to 300 if this 250 level is breached once more.
We have been hanging out at these sub 250 levels longer than Alfred caring for master Wayne.. So, its time for the next leg up. Hoping the Market is solid, the crime remains down, and your hero Bullish Benji watches over the market to provide analysis with his bat like reflexes.
-Benji the Bat