Bitcoin is a decentralized digital currency that was created in 2009 by an unknown person or group of people using the name Satoshi Nakamoto. Bitcoin is often referred to as a cryptocurrency because it uses cryptography to secure transactions and to control the creation of new units. The long-term view of Bitcoin depends on several factors such as adoption,...
On the daily chart, a bearish bat pattern is hidden within a bullish ABCD pattern. As long as monthly momentum is negative, I'm looking for an entry on the hourly from a 4-hour retracement from a bullish butterfly that should end in profit around a bearish order block, on the 987 off 100 ema that's between 1650 and 1700. The Bat Pattern is a specific price...
The Bullish ABCD pattern is a technical analysis pattern used in the stock market to identify potential bullish reversal signals. It is based on the idea that market trends tend to move in predictable patterns, and traders can use this information to identify buying opportunities. The pattern consists of four price swings that align with specific Fibonacci ratios...
The "Bullish ABCD" is a price pattern in technical analysis that suggests a potential bullish reversal in the market. It is represented by a series of price swings that align with specific Fibonacci ratios and form the shape of the letters "A", "B", "C", and "D". The pattern is used by traders to identify potential buy opportunities and to set target prices for...
The "Bullish ABCD Pattern" is a chart pattern used in technical analysis to predict bullish movements in the price of a security. It is a four-point pattern that consists of two legs, A and C, that are equal in length, and two legs, B and D, that form a retracement. The pattern is considered bullish because it shows that buyers are stepping in to take control of...
The ABCD pattern combines time, price, and shape. When all three come together at one time, the pattern creates an electrifying move that traders may use to identify potential reversal zones and jump back in the direction of the broader trend. The ABCD pattern is the market's most fundamental symmetrical structure. It is based on a wave of the same length, with a...
The "Bullish ABCD Pattern" is a chart pattern used in technical analysis to predict bullish movements in the price of a security. It is a four-point pattern that consists of two legs, A and C, that are equal in length, and two legs, B and D, that form a retracement. The pattern is considered bullish because it shows that buyers are stepping in to take control of...
In trading, an ABCD pattern heading higher usually indicates a bearish reversal. The first intraday movement from A to B is consolidated briefly in B to C. When the C-to-D leg of the move is completed, it frequently indicates a bearish reversal. This is an example from the USDJPY monthly chart. It's important to keep in mind that technical analysis is just one of...