Bitcoin BAT: You need to work for the sake of the marketAs mentioned in the Video... this is really the last bullish harmonic pattern out there at the moment and it just happens to be on the most important Crypto of them all.
From time to time BTC does not determine ups & downs in other crypto but that is the exception. At the moment the RULE is BTC is leading the way so if this pattern were to "work" then that is really good for all of the people who have positions in pretty much any crypto.
I will update you on my entry, stop, profit targets and trade management when I get an opportunity to get in.
Until then I wil pay close attention to how price reacts of the D of BAT pattern.
Bullish Bat
Potential Bullish Bat forming on the EuroDollarLooking at the H4 chart (just a little cleaner than the hourly but still valid on both), we could be potentially tracing out an advanced bullish bat pattern at the moment. If price action makes its way down to our entry at the 88.6% Fib on the chart then the pattern would be complete and you could enter long looking for targets 1 & 2 at the green lines on the right. We also have a nice even handle number in that region (1.2200) and some fib extension confluence as well, but just wanted to keep it simple with an aggressive pattern entry idea here for the time being. Let's see what happens!
**As always, this is just an idea, you take responsibility for anything you do off the back of this.
Batman Is On The Way - Bearish Vs Bullish ! UPDATE 001The bat will be completed soon
And after the bat is completed, the bullish backdating trend will begin
Resistance lines
Support
Fibonacci
Are distinct
This chart will be updated
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Possibble Bullish Bat & Falling WedgeHi all,
This is just my opinion and i have to say that i'm not a pro just a newbie trying to learn.
First of all i want to start with elliot impulse wave.
First wave has to be shown after a horizontal or an opposite trend. This one start after an great uptrend so it seems cool.
Second wave is usually between 38.2 and 61.8 of first wave. People believe that uptrend still goes. It seems cool too.
So i think we'r in third wave atm and it will end at the area which both falling wedge and bullish bat will be formed around 410$ ( it's a very very strong support level)
And all factors push the price to about 795$ and thats the 4th wave i think.
If all those happen then we have to wait last wave.
It's just an experimental work. Please do your own resarch.
Also if you have anything to add or if you see something wrong with my idea please add a comment i would be really happy to see my mistakes.
Thanks.
EURUSD - Bat Pattern CompletionA bullish bat pattern (grey colour) has completed and starting to react, this post is slightly late but still ok to enter now.
Traders can choose to long now or wait for the price to return to PRZ.
There are 2 bat patterns, but the grey one looks better as all criteria have been met.
R:R at 1.5 (TP1) and 2.6 (TP2). Good luck.
XRPUSD: BIG Bat & little butterfly both bullishBoth the BIG Bat & little butterfly are completing within 1cent of each other. Thown into the mix is a 1.618 ext at the same level. Additionally we have S1 a little lower for an additional reason for price to find significant support before heading higher.
I will update on entry, stop & take profit levels once trade is live.
AUDJPY trade setup (bullish)Here we have an almost perfect Gartley pattern formed on the daily chart, Price has already respected this formation and bounced from the area of interest #1 acting as support. We are now quickly approaching the area of interest #2 which price has previously reacted from, so if we can see a break past this area our next target will be the area of interest #3 which is at key Fibonacci levels of the previous swing so we shall see how price responds to this important area.
Scenario #1 we have the possibility of price respecting the area of interest #2 before breaking past and testing the key Fibonacci levels.
Scenario #2 we have a pullback and retest of support potentially forming a double bottom and then gaining strong bullish momentum.