CHZBTC
CHZBTC forming bullish BAT | Upto 173% move aheadChiliz (CHZ) with Bitcoin pair is forming bullish BAT pattern and expected to enter in bullish potential reversal zone soon.
Lets have a look on the Chiliz (CHZ) price action's move:
After initial leg (X to A) the A to B leg is retraced between 0.382 to 0.50 Fibonacci and then B to C leg is projected between 0.382 to 0.886 of A to B leg's Fibonacci projection and final (C to D) leg is suppose to be retraced between 0.786 to 0.886 Fibonacci for a perfect bullish BAT and then the price action will be entered in potential reversal zone of this bullish BAT pattern, then we can expect bullish divergence at any time which will lead the priceline between 0.382 to 0.786 Fibonacci projection of A to D leg, but after this bullish divergence if the candles sticks will be closed above 0.786 Fibonacci levels then it can also lead to the long term bullish move.
As per Fibonacci sequence method we can set our targets as below for mid term trade:
Buy between: 0.00000084 to 0.00000067 sats
Sell between: 0.00000124 to 0.00000183 sats
So this trade has potential to give upto 173% big bullish move.
Regards,
Atif Akbar (moon333)
The harmonic moves analysis involves hours of hard work and determination however the success of harmonic trading in fiat and cryptocurrencies is around 80% therefore it is always important that you follow any stop loss strategy while trading harmonic patterns I have also shared a stop loss idea in this article, the information in this article is for educational purpose only this is not intended to be investment advice, I have tried my best to catch the harmonic moves as per predefined classical harmonic bullish BAT pattern if you find any flaw or you have any suggestion feel free to share with me in comments section.
Chiliz-CHZBTC-
The price declined from 0.00000117 to 0.00000138, indicating a downtrend.
However, there is 0.00000095 ~ 0.00000104, the last section that can rebound.
-CHZUSDT-
In line with the inflection day around 18 December, the price touched the intersection of the 0.007200 point and the upward trend line.
You should check for support at 0.007200 and the uptrend line.
It should be regarded as the downtrend from breaking the 0.009837 point.
If you can keep the price at your current location, you may be able to try to hit 0.009837 one or two times.
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I think one of the important things in trading is determination.
I think nothing is as important as the determination to buy and sell in a good position.
If you judge carefully and make decisions accordingly, you are a good trader.
Chiliz-CHZBTC-
The key point is falling from 0.00000117 ~ 0.00000138 without receiving support.
It is hard to see where the next support point is.
You should be careful about trading.
-CHZUSDT-
After falling from the key point of 0.009837, touch the next key point of 0.007200 and the long-term uptrend line and stay in position.
If the rate fails to rise above the 0.008152 level, it is expected that the volatility will fluctuate around the 0.007200 point around December 18.
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Everyone wants to make a lot of money while trading.
It is important to select when to fall out and when to enter.
CHZ/BTC TA Update (Golden Fib Support?)CHZ/BTC
CHZ broke below 50 Day MA and hit the golden Fib 0.618 level. Price reacts to this support but not enough to get above the 50 MA.
CHZ could consolidate between 100-122 sats within a week to form support if the price can hold it.
Bearish price action if the daily candle closes below 99 sats.
CHZ/BTC in falling wedge meets support zoneWe can see a very clean falling wedge formation in 4h and also 1h chart. The bottom of the falling wedge fits perfect with the support zone. In my Opionion this is a good point to see some serious bounce in CHZ/BTC.
Always use SL and do your own research. Also be carefull with altcoins when BTC makes big moves.
Thank you for reading my first post! Feel free to give some feedback!
ChilizI will see it in the short term.
-CHZBTC-
I entered the big box section (0.00000117 ~ 0.00000138)
If there is no support from the box, we expect the downtrend to continue.
-CHZUSDT-
It is supported at 0.009837.
You should check if you can continue to receive support from around December 7 to December 8.
If it falls, there's a chance it will touch 0.007200.
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It is in a position to enter a full-fledged downward trend.
Be careful with trading.
I don't know where to get support, but when that happens I'll republish it.
Good luck.
ChilizLet's look at the short term.
CHZBTC chart was added.
A small box section is being formed above the support section between 0.00000117 and 0.00000138.
It is located near the 0.011540 point of support of 50MA.
You should check if you can get support of 0.011540 by December 7th.
If you fall from 0.011540, you might touch 0.009837.
The support and resistance of the interval between 0.012511 and 0.012799 appear to be significant.
We touched the expected target point of 0.018556 and fell.
If you arrive at the 0.014207 point, it might be a good idea to sell it to some extent to earn money.
Today`s ALT!!! CHZBTCBINANCE:CHZBTC
Exchange : Binance
Coin: CHZBTC
Buy Zone: 0.0000015~0.00000143
Target Point: 0.0000016/ 0.00000169/ 0.0000018/ 0.00000195/ 0.00000215/ 0.00000285
S/L: 0.0000014
Risk: HIGH
Term: Middle
You should be careful in buying CHZBTC because of Bitcoin
Wave 4 stopped at Fibonacci 382 of Wave 3
There was not much selling amount in spite of Bitcoin`s movement, so there is Bearish Divergence now
The Volume is almost down
It`s time to start Wave 5 !!!
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Today`s ALT is that information is raised regardless of the Coin market situation
So sometimes there`s a high risk trading
Investment is your responsibility.
I'm just providing about coin`s information
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CHZBTC forming bullish butterfly upto 43% expectedPriceline of Chiliz / Bitcoin cryptocurrency is forming bullish Butterfly pattern and soon it will be entered in potential reversal zone.
This PRZ area should be used as stop loss point in case of complete candle stick closes below this area.
I have used Fibonacci sequence to set the targets:
Buy between: 0.00000155 to 0.00000139
Sell between: 0.00000168 to 0.00000199
Regards,
Atif Akbar (moon333)